5 Steps to Five Inc

Analysis

5 Steps to Five Inc is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, 5 Steps to Five Inc reported income of $188k and spending of $141k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $202k to $188k (-6.9%), an average of -2.3% a year. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 5 Steps to Five Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Growing Place ($188k), Spark Community Center Inc ($188k) and Community Harvest of Central Vermont ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $35k (24% of expenses). Other salaries and wages came to $60k. At year end it held assets of $509k against liabilities of $2,470, net assets of $506k. It reported 15 employees.