Next Step Ministries

Analysis

Next Step Ministries is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in September 2000, 26 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 December 2023, Next Step Ministries reported income of $748k and spending of $475k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $748k (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next Step Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Click Inc ($748k), Sub Zero Mission ($748k) and Lexington Childrens Center Inc ($748k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $61k (13% of expenses). Other salaries and wages came to $274k. At year end it held assets of $1.4m against liabilities of $418k, net assets of $954k. It reported 31 employees.