Step Up Tutoring

Analysis

Step Up Tutoring is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in October 2020, 6 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, Step Up Tutoring reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 5 years on record, from December 2020 to June 2024, income grew from $270k to $2.4m (+798%), an average of +73% a year. The sharpest change came in the year to June 2022, when income rose by 485%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Step Up Tutoring sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Trident Academy Inc ($2.4m), Davenport University Foundation ($2.4m) and Royalmont Academy Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $559k (24% of expenses). Other salaries and wages came to $818k. At year end it held assets of $383k against liabilities of $146k, net assets of $237k. It reported 19 employees.