Next Steps the Colony

Analysis

Next Steps the Colony is a registered charity in United States, based in The Colony, TX. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Next Steps the Colony reported income of $249k and spending of $260k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $279k to $249k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next Steps the Colony sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Por Amor a LA Humanidad ($249k), Fried Center for the Advancement of Potential ($249k) and Bucks County Center for Independent Living ($249k).

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 $142k (55% of expenses). Other salaries and wages came to $40k. At year end it held assets of $87k against liabilities of $0, net assets of $87k. It reported 4 employees.