Steps to Hope Inc

Analysis

Steps to Hope Inc is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in December 1986, 40 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, Steps to Hope Inc reported income of $2.9m and spending of $1.9m, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $787k to $2.9m (+273%), an average of +55% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steps to Hope Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Holy Family Cristo Rey Catholic High School ($2.9m), Habitat for Humanity International Inc ($2.9m) and Kendall County Community Food Pantry Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.1% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $5.1m against liabilities of $446k, net assets of $4.7m. It reported 45 employees.