Stepping Stones Early Learning Center Inc

Analysis

Stepping Stones Early Learning Center Inc is a registered charity in United States, based in Knoxville, IA. It received its IRS tax-exemption ruling in June 2003, 23 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, Stepping Stones Early Learning Center Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+36%), an average of +8.1% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones Early Learning Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Community Services of Northern Kentucky Inc ($1.6m), TMP Enterprises Inc ($1.6m) and Lighted Window Early Learning Center ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $61k (4.6% of expenses). Other salaries and wages came to $793k. At year end it held assets of $1.5m against liabilities of $378k, net assets of $1.2m. It reported 66 employees.