Small Steps Incorporated

Analysis

Small Steps Incorporated is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Small Steps Incorporated reported income of $609k and spending of $506k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $609k (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Small Steps Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Green Village Initiative Inc ($609k), Food for Soul Inc ($609k) and Young Womens Christian Association ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $84k (17% of expenses). Other salaries and wages came to $248k. At year end it held assets of $337k against liabilities of $17k, net assets of $320k. It reported 15 employees.