Stepping Stones Foundation of Hope

Analysis

Stepping Stones Foundation of Hope is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation of Hope reported income of $128k and spending of $151k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $276k to $128k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones Foundation of Hope sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Salmon Creek Housing Inc ($128k), Families Working Together Inc ($128k) and Yoga Shakti Mission Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $9,191 against liabilities of $0, net assets of $9,191.