Stepping Stones for Life Inc

Analysis

Stepping Stones for Life Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in June 1998, 28 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 2023, Stepping Stones for Life Inc reported income of $142k and spending of $4,800, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $142k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 20% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Stepping Stones for Life Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Freeland Ministries Inc ($142k), Coaches Wives Ministry Global Inc ($142k) and Lifechange Ministries Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.