Stepping Stones Learning Center

Analysis

Stepping Stones Learning Center is a registered charity in United States, based in Borger, TX. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Stepping Stones Learning Center reported income of $380k and spending of $457k, spending 120% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income grew from $301k to $380k (+26%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stepping Stones Learning Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Literacy Connections Hudson Valley Inc ($379k), California Islamic Center ($380k) and Wayzata Booster Foundation ($379k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $43k (9.5% of expenses). Other salaries and wages came to $306k. At year end it held assets of $155k against liabilities of $83, net assets of $155k. It reported 42 employees.