Steps of Hope-Guatemala Inc

Analysis

Steps of Hope-Guatemala Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Steps of Hope-Guatemala Inc reported income of $109k and spending of $179k, spending 164% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $109k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Steps of Hope-Guatemala Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include International Art Education Center ($109k), Microloan Foundation USA Inc ($109k) and Cry Cameroon USA ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.