Step Afrika U S a Incorporated

Analysis

Step Afrika U S a Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, Step Afrika U S a Incorporated reported income of $3.1m and spending of $3.2m, spending 105% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.2m to $3.1m (+42%), an average of +9.1% a year. The sharpest change came in the year to July 2021, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Step Afrika U S a Incorporated 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 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Boston Public Art Triennial Inc ($3.1m), The Childrens Museum of Cleveland ($3.1m) and Hiller Aviation Institute ($3.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $361k (11% of expenses). Other salaries and wages came to $710k. At year end it held assets of $5.2m against liabilities of $1.9m, net assets of $3.3m. It reported 23 employees.