Stepping Out Inc

Analysis

Stepping Out Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in April 2000, 26 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, Stepping Out Inc reported income of $244k and spending of $183k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $244k (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Out Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul Our Lady of the Assumption Conf ($244k), United Heritage Charity Foundation Inc ($244k) and Vehicle for Good Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $57k (31% of expenses). At year end it held assets of $235k against liabilities of $1,403, net assets of $234k. It reported 4 employees.