Next Step Network Inc

Analysis

Next Step Network Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Network Inc reported income of $1.1m and spending of $985k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.1m (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Next Step Network Inc sits at the 73rd percentile: it is larger than about 72% 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 Metro North Gardens Housing Development Fund Corporation ($1.1m), Kokomo Ministries Inc ($1.1m) and Ontario Senior Housing Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $325k (33% of expenses). Other salaries and wages came to $351k. At year end it held assets of $1.9m against liabilities of $300k, net assets of $1.6m. It reported 7 employees.