Stepping Stones Ministry Inc

Analysis

Stepping Stones Ministry Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stepping Stones Ministry Inc reported income of $496k and spending of $379k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $496k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stepping Stones Ministry Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Global Mentorship Initiative ($496k), Hunterdon County Chamber of Commerce Foundation ($496k) and Congregations Organized for a New Connecticut Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $117k (31% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.1m against liabilities of $315k, net assets of $782k. It reported 17 employees.