Step Up Ministry

Analysis

Step Up Ministry is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1990, 36 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 Up Ministry reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+21%), an average of +4.8% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Step Up Ministry sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Hilltop Neighborhood House Inc ($1.7m), Loaves & Fishes Inc ($1.7m) and California Policy Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $155k (9.5% of expenses). Other salaries and wages came to $880k. At year end it held assets of $1.7m against liabilities of $44k, net assets of $1.7m. It reported 23 employees.