Stepping Stones Learning Center Inc

Analysis

Stepping Stones Learning Center Inc is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Learning Center Inc reported income of $1.0m and spending of $888k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $1.0m (+99%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones Learning Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include GSMBC Community Development Corporation ($1.0m), Reaching Hope ($1.0m) and Federal Employee Education and Assistance Fund ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $446k. At year end it held assets of $919k against liabilities of $12k, net assets of $907k. It reported 30 employees.