Stepping Stones Inc

Analysis

Stepping Stones Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in January 1978, 48 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 $1.7m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 81% 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 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within WV. Charities of a similar size with the same main cause include Circle of Brotherhood ($1.7m), Meals on Wheels of Sheboygan County Inc ($1.7m) and Iron Workers Local Union No 172 Joint Apprenticeship Training ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $484k. At year end it held assets of $1.7m against liabilities of $213k, net assets of $1.5m. It reported 21 employees.