Follow My Steps Foundation Inc

Analysis

Follow My Steps Foundation Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 2020, 6 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, Follow My Steps Foundation Inc reported income of $112k and spending of $136k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $112k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Follow My Steps Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Agrihope Inc ($112k), Pepperell Aid From Community to Home Outreach ($112k) and Start Helping Impacted Neighborhoods Everywhere Foundatio ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.