Stepping Stones Foundation

Analysis

Stepping Stones Foundation is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in August 2017, 9 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 May 2024, Stepping Stones Foundation reported income of $329k and spending of $286k, spending 87% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $348k to $329k (-5.5%), an average of -1.1% a year. The sharpest change came in the year to May 2022, when income rose by 114%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include My Kingston Kids ($329k), Cliff Haven Adult Day Health Care Inc ($329k) and Desert Best Friends Closet ($329k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $36k. It paid $4,000 in professional fundraising fees. At year end it held assets of $807k against liabilities of $115k, net assets of $692k.