Stepping Stones of Hermiston Inc

Analysis

Stepping Stones of Hermiston Inc is a registered charity in United States, based in Hermiston, OR. It received its IRS tax-exemption ruling in April 2021, 5 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, Stepping Stones of Hermiston Inc reported income of $637k and spending of $469k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $553k to $637k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stepping Stones of Hermiston Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OR. Charities of a similar size with the same main cause include Edward Dozier Sr Housing Development Fund ($637k), St Cloud Villas Phase II Inc ($638k) and Ahepa 192 Inc ($636k).

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 $99k (21% of expenses). Other salaries and wages came to $192k. At year end it held assets of $693k against liabilities of $0, net assets of $693k. It reported 11 employees.