The Next Step Foundation

Analysis

The Next Step Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2024, 2 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, The Next Step Foundation reported income of $871k and spending of $848k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $490k to $871k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Next Step Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Tombigbee Resource Conservation and Development Council ($871k), Thinkwatts Foundation ($871k) and Clifton Heights Community Urban Redevelopment Corporation ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (24% of expenses). Other salaries and wages came to $100k. At year end it held assets of $30k against liabilities of $5,105, net assets of $25k. It reported 2 employees.