Next Step for Life Inc

Analysis

Next Step for Life Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in January 2016, 10 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, Next Step for Life Inc reported income of $836k and spending of $477k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $498k to $836k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next Step for Life Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Avon-Avon Lake Community Resource Services Inc ($836k), Coal Creek Meals on Wheels ($836k) and Caringmatters Inc ($836k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Other salaries and wages came to $198k. At year end it held assets of $2.0m against liabilities of $22k, net assets of $2.0m. It reported 12 employees.