First Step II Inc

Analysis

First Step II Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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, First Step II Inc reported income of $1.2m and spending of $880k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $1.2m (+88%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Step II Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Boys & Girls Clubs of San Francisco Endowment Trust ($1.2m), Active Faith ($1.2m) and Shekel Hakodesh Dsatmar Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $97k (11% of expenses). Other salaries and wages came to $390k. At year end it held assets of $948k against liabilities of $1,346, net assets of $947k. It reported 22 employees.