In Stepps Academy

Analysis

In Stepps Academy is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 August 2023, In Stepps Academy reported income of $175k and spending of $245k, spending 140% of what it took in. Across the 3 years on record, from August 2020 to August 2023, income fell from $275k to $175k (-36%), an average of -20% a year. The sharpest change came in the year to August 2022, when income dropped by 26%. Over the whole period it spent 139% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, In Stepps Academy sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include National Carbon Monoxide Awareness Associationn ($175k), Vista Center ($175k) and Pharmacy for the Public Good Inc ($175k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Other salaries and wages came to $155k. At year end it held assets of $51k against liabilities of $418k, net assets of -$367k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.