Steadfast - Standing Firm Against Youth Homelessness

Analysis

Steadfast - Standing Firm Against Youth Homelessness is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Steadfast - Standing Firm Against Youth Homelessness reported income of $328k and spending of $275k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $27k to $328k (+1120%), an average of +130% a year. The sharpest change came in the year to December 2021, when income rose by 240%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Steadfast - Standing Firm Against Youth Homelessness sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Prairie Grove Apartments Inc ($328k), Mid-Peninsula Coastside Inc ($328k) and Providence Dethman House ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $140k. At year end it held assets of $181k against liabilities of $23k, net assets of $157k. It reported 9 employees.