Stepping Stones Academy Inc

Analysis

Stepping Stones Academy Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Stepping Stones Academy Inc reported income of $2.9m and spending of $2.5m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.9m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stepping Stones Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Championship Academy of Distinction at Hollywood Middle School Inc ($2.9m), Yancy Life Transition Center ($2.9m) and Drake Auxilio Divino ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $138k (5.6% of expenses). Other salaries and wages came to $977k. At year end it held assets of $4.4m against liabilities of $3.4m, net assets of $1.1m. It reported 38 employees.