First Step House

Analysis

First Step House is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, First Step House reported income of $20.8m and spending of $17.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.8m to $20.8m (+135%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, First Step House sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Lakeview Christian Home of the Southwest Inc ($20.8m), Central Florida Kidney Centers Inc ($20.8m) and Greater Prince William Area Community Health Center Inc ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $465k (2.7% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $26.8m against liabilities of $10.0m, net assets of $16.8m. It reported 271 employees.