Stepping Stones Shelter Inc

Analysis

Stepping Stones Shelter Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1983, 43 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, Stepping Stones Shelter Inc reported income of $1.1m and spending of $892k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $790k to $1.1m (+39%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stepping Stones Shelter 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 79th percentile within MD. Charities of a similar size with the same main cause include Bethany Village Housing Development Fund Company Inc ($1.1m), Calvary Community Inc ($1.1m) and Oak Woods Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $122k (14% of expenses). Other salaries and wages came to $379k. At year end it held assets of $1.3m against liabilities of $196k, net assets of $1.1m. It reported 16 employees.