Step by Step Inc

Analysis

Step by Step Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 1997, 29 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, Step by Step Inc reported income of $487k and spending of $499k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $487k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Step by Step Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Redeemer Center for Life Inc ($487k), San Francisco Bay Area Little Brothers - Friends of the Elderly ($487k) and Ashe Developmental Day School Inc ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $78k (16% of expenses). Other salaries and wages came to $227k. At year end it held assets of $564k against liabilities of $25, net assets of $564k. It reported 8 employees.