Educational First Steps

Analysis

Educational First Steps is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Educational First Steps reported income of $3.7m and spending of $3.5m, spending 96% of its income. Across the 4 years on record, from May 2020 to May 2023, income fell from $5.2m to $3.7m (-28%), an average of -11% a year. The sharpest change came in the year to May 2022, when income rose by 33%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational First Steps sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Odyssey Charter School ($3.7m), First Steps Inc ($3.7m) and Legacy Public Charter School ($3.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 101% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $666k (19% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $10.2m against liabilities of $197k, net assets of $10.0m. It reported 25 employees.