Stepping Stones Inc

Analysis

Stepping Stones Inc is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 Inc reported income of $498k and spending of $334k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $330k to $498k (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stepping Stones Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Therapeutic Riding Inc ($498k), The Nashville Tree Foundation ($498k) and Disabilities Network of Eastern Connecticut ($498k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $54k (16% of expenses). Other salaries and wages came to $159k. At year end it held assets of $653k against liabilities of $419, net assets of $652k. It reported 8 employees.