American Steps Corp

Analysis

American Steps Corp is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2016, 10 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, American Steps Corp reported income of $206k and spending of $206k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $364k to $206k (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Steps Corp sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Forget Me Not Families Inc ($206k), Holidays & Heroes ($206k) and St Clair County Save a Life Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $166k (81% of expenses). At year end it held assets of $253k against liabilities of $0, net assets of $253k.