Laredo Stepping Stone Inc

Analysis

Laredo Stepping Stone Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Laredo Stepping Stone Inc reported income of $165k and spending of $85k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $116k to $165k (+42%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Laredo Stepping Stone Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Catholic Education Endowment ($165k), 2414 Ministries Inc ($165k) and Asamblea Cristiana Inc ($164k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $685k against liabilities of $2,210, net assets of $683k.