Stepping Stones Inc

Analysis

Stepping Stones Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stepping Stones Inc reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Teen & Family Services ($1.2m), Council on American-Islamic Relations of Washington State ($1.2m) and Jackson County Senior Citizens Organization Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $67k (5.7% of expenses). Other salaries and wages came to $572k. At year end it held assets of $1.1m against liabilities of $309k, net assets of $790k. It reported 78 employees.