Steady for Life Inc

Analysis

Steady for Life Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steady for Life Inc reported income of $240k and spending of $215k, spending 90% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $394k to $240k (-39%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Steady for Life Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include Eurith Leydig Memorial Center ($240k), Little Manna Foods Inc ($240k) and The North Utica Senior Citizens Recreation Center Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 96% of the total. Other salaries and wages came to $30k. At year end it held assets of $159k against liabilities of $10k, net assets of $149k. It reported 1 employees.