Step by Step Inc

Analysis

Step by Step Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in April 1996, 30 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 2023, Step by Step Inc reported income of $3.2m and spending of $3.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $3.2m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Step by Step Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WV. Charities of a similar size with the same main cause include Caring Hearts of West Central Iowa ($3.2m), People Working Cooperatively of the Midwest Inc ($3.2m) and The Knights & Orchids Society Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $180k (5.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $874k against liabilities of $371k, net assets of $502k. It reported 252 employees.