Montgomery S T E P Foundation

Analysis

Montgomery S T E P Foundation is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in April 1989, 37 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 September 2023, Montgomery S T E P Foundation reported income of $279k and spending of $203k, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $154k to $279k (+82%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 42%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery S T E P Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Capland Center for Communication Disorders Inc ($279k), Breakthrough Mens Community ($279k) and Living Waterworks Inc ($279k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $150k. At year end it held assets of $205k against liabilities of $13k, net assets of $192k. It reported 5 employees.