Steps to Success Inc

Analysis

Steps to Success Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Steps to Success Inc reported income of $1.3m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $614k to $1.3m (+110%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steps to Success Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Steered Straight Inc ($1.3m), Independence Academy of Indiana Inc ($1.3m) and Promise Academy ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $86k (6.4% of expenses). Other salaries and wages came to $459k. At year end it held assets of $1.5m against liabilities of $313k, net assets of $1.2m. It reported 62 employees.