First Step Inc

Analysis

First Step Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in August 1962, 64 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 June 2023, First Step Inc reported income of $31.1m and spending of $29.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.5m to $31.1m (+5.3%), an average of +1.3% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Step Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AR. Charities of a similar size with the same main cause include Aspira Inc of Pennsylvania ($31.0m), Mental Health Resources Inc ($31.1m) and Nysarc Inc ($31.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Other salaries and wages came to $18.0m. At year end it held assets of $26.8m against liabilities of $2.4m, net assets of $24.4m. It reported 811 employees.