A Stepping Stone Foundation

Analysis

A Stepping Stone Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 1990, 36 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, A Stepping Stone Foundation reported income of $655k and spending of $609k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $655k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2020, when income rose by 94%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Stepping Stone Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Tiburon Peninsula Soccer League Inc ($655k), Southwestern Oregon Community College Foundation Inc ($655k) and D a R Boys & Girls Club ($655k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $137k. At year end it held assets of $1.2m against liabilities of $52k, net assets of $1.2m. It reported 4 employees.