Stepping Stones Foundation Inc

Analysis

Stepping Stones Foundation Inc is a registered charity in United States, based in Prescott Vly, AZ. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stepping Stones Foundation Inc reported income of $756k and spending of $731k, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $543k to $756k (+39%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Hesston Community Child Care Assn ($756k), Access Independence Inc ($757k) and Kind Deeds Inc ($756k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $128k (18% of expenses). Other salaries and wages came to $250k. At year end it held assets of $1.7m against liabilities of $1.2m, net assets of $535k. It reported 25 employees.