One Step Ministries

Analysis

One Step Ministries is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, One Step Ministries reported income of $279k and spending of $251k, spending 90% of its income. Across the 2 years on record, from December 2019 to December 2021, income grew from $229k to $279k (+22%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, One Step Ministries sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Phi Kappa Theta National Foundation ($279k), Doing Art Together Inc ($279k) and Washington State Music Teachers Association ($279k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $47k (19% of expenses). Other salaries and wages came to $119k. At year end it held assets of $63k against liabilities of $3,878, net assets of $59k. It reported 31 employees.