A Step Ahead Foundation West Tennessee

Analysis

A Step Ahead Foundation West Tennessee is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in September 2017, 9 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 June 2023, A Step Ahead Foundation West Tennessee reported income of $62k and spending of $137k, spending 220% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $356k to $62k (-83%), an average of -58% a year. The sharpest change came in the year to June 2022, when income dropped by 85%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Step Ahead Foundation West Tennessee sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within TN. Charities of a similar size with the same main cause include Liberty Haven Farm Inc ($62k), 4ever Yours Rescue Inc ($62k) and Seva Foundation Inc ($62k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $74k (54% of expenses). Other salaries and wages came to $16k. At year end it held assets of $75k against liabilities of $3,167, net assets of $72k. It reported 2 employees.