First Steps Inc

Analysis

First Steps Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, First Steps Inc reported income of $3.7m and spending of $3.7m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $3.7m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Steps Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Educational First Steps ($3.7m), Cristo Rey San Jose Work Study Corporation ($3.7m) and Odyssey Charter School ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $276k (7.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.4m against liabilities of $354k, net assets of $4.0m. It reported 75 employees.