Step Forward Scholarship Fund

Analysis

Step Forward Scholarship Fund is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in March 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 December 2023, Step Forward Scholarship Fund reported income of $211k and spending of $134k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $211k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Step Forward Scholarship Fund sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Godwins Golden G ($211k), Emunas Dovid Inc ($211k) and Lancaster Country Club Foundation ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $253k against liabilities of $0, net assets of $253k.