Step Up Suncoast Inc

Analysis

Step Up Suncoast Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Step Up Suncoast Inc reported income of $19.7m and spending of $18.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $19.7m (+27%), an average of +6.1% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Step Up Suncoast Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Hmong American Partnership ($19.6m), American Productivity & Quality Center Inc ($19.7m) and Colorado Nonprofit Development Center ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $427k (2.3% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $6.3m against liabilities of $3.8m, net assets of $2.5m. It reported 238 employees.