Stepping Stone Communities Inc

Analysis

Stepping Stone Communities Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Stone Communities Inc reported income of $657k and spending of $270k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $657k (+234%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 370%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stepping Stone Communities Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Murray Ridge Housing Corporation ($657k), B Nai B Rith Covenant House II of Tucson Inc ($657k) and Avalon Second Nonprofit Housing Corporation ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 24% of the total. Other salaries and wages came to $149k. At year end it held assets of $15.9m against liabilities of $13.2m, net assets of $2.7m.