First Step Champions Inc

Analysis

First Step Champions Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Champions Inc reported income of $175k and spending of $179k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $180k to $175k (-2.8%), an average of -1.0% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Step Champions Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Centennial Youth Lacrosse Association ($175k), Spirit of Columbia Gardens Carousel Foundation Inc ($175k) and Los Angeles Jets Track Club ($175k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $80k (45% of expenses). Other salaries and wages came to $40k. At year end it held assets of $17k against liabilities of $3,753, net assets of $13k. It reported 3 employees.