The Next Step Public Charter School

Analysis

The Next Step Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Next Step Public Charter School reported income of $12.9m and spending of $8.8m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $12.9m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Next Step Public Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Cambridge Christian School Inc ($12.9m), Inland Leaders Charter Schools ($12.9m) and Headwaters School ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $394k (4.5% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $23.7m against liabilities of $899k, net assets of $22.8m. It reported 104 employees.