Stepstone Inc

Analysis

Stepstone Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Stepstone Inc reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $899k to $1.1m (+21%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stepstone Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KS. Charities of a similar size with the same main cause include Lowell Community Development Corporation ($1.1m), In Focus of Cleveland Inc ($1.1m) and Cayuga County Homsite Development Corp ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $36k (3.1% of expenses). Other salaries and wages came to $518k. At year end it held assets of $865k against liabilities of $57k, net assets of $808k.