Step I Inc

Analysis

Step I Inc is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in July 1997, 29 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 June 2023, Step I Inc reported income of $822k and spending of $627k, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $403k to $822k (+104%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Step I Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NV. Charities of a similar size with the same main cause include Caffee Caffee and Associates PHF Inc ($822k), Interfaith Hospitality Network of G Reater Fort Wayne Inc ($823k) and Baldwin Family Violence Shelter ($822k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $79k (13% of expenses). Other salaries and wages came to $256k. At year end it held assets of $1.5m against liabilities of $953k, net assets of $574k. It reported 12 employees.