A Step Ahead Foundation of Middle Tennessee Inc

Analysis

A Step Ahead Foundation of Middle Tennessee Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, A Step Ahead Foundation of Middle Tennessee Inc reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $1.2m (+331%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, A Step Ahead Foundation of Middle Tennessee Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Manatee Memorial Foundation Inc ($1.2m), Happy Hope Foundation Inc ($1.2m) and Ezra Lkallah Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (11% of expenses). Other salaries and wages came to $303k. At year end it held assets of $735k against liabilities of $61k, net assets of $674k. It reported 8 employees.