First Step Shelter Inc

Analysis

First Step Shelter Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in January 2017, 9 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 September 2023, First Step Shelter Inc reported income of $1.8m and spending of $1.5m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $123k to $1.8m (+1392%), an average of +96% a year. The sharpest change came in the year to September 2020, when income rose by 1525%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Step Shelter Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Jonas Bronck Housing Company Inc ($1.8m), Gracehaven Inc ($1.8m) and Kitsap Rescue Mission ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $97k (6.6% of expenses). Other salaries and wages came to $570k. At year end it held assets of $1.9m against liabilities of $91k, net assets of $1.8m. It reported 30 employees.