Next Step Inc

Analysis

Next Step Inc is a registered charity in United States, based in Huntsville, TX. It received its IRS tax-exemption ruling in April 1981, 45 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 December 2023, Next Step Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $505k to $1.2m (+136%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 177%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Next Step Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Saddleback-El Toro Set Water Polo Club ($1.2m), San Diego City College Foundation ($1.2m) and Fanny Allen Hospital Hotel Dieu ($1.2m).

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 $103k (9.3% of expenses). Other salaries and wages came to $228k. At year end it held assets of $715k against liabilities of $63k, net assets of $652k. It reported 3 employees.