Stepping Stone Incorporated

Analysis

Stepping Stone Incorporated is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Stepping Stone Incorporated reported income of $974k and spending of $1.0m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $959k to $974k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2024, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stone Incorporated sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within WV. Charities of a similar size with the same main cause include Soar Fox Cities Inc ($974k), El Amor de Patricia ($974k) and Korean American Association of Chicago ($974k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Other salaries and wages came to $630k. At year end it held assets of $734k against liabilities of $0, net assets of $734k. It reported 21 employees.