Steps for Hope Inc

Analysis

Steps for Hope Inc is a registered charity in United States, based in Highmore, SD. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Steps for Hope Inc reported income of $53k and spending of $36k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $53k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Steps for Hope Inc sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 15th percentile within SD. Charities of a similar size with the same main cause include Childrens Interstitial Lung Disease Foundation Inc ($53k), Health Care Integrated School Based Health ($53k) and Phoenix Stone Foundation ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.