Little Precious Steps

Analysis

Little Precious Steps is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in May 2021, 5 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, Little Precious Steps reported income of $428k and spending of $460k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $480k to $428k (-11%), an average of -11% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Precious Steps sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Amigos Del Hogar de Ancianos Israelita Del Uruguay Inc ($428k), GF Adult Foster Care Homes Inc ($428k) and Youth Resources of Southwestern Indiana Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $71k (16% of expenses). Other salaries and wages came to $236k. At year end it held assets of $239k against liabilities of $118k, net assets of $122k. It reported 10 employees.