Next Step Housing

Analysis

Next Step Housing is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Next Step Housing reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.4m (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 47%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Next Step Housing sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Finishing Trades Institute of Western and Central New York ($1.4m), GSD Advisers Inc ($1.4m) and Discovery Plus Academy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 87% of the total. Other salaries and wages came to $310k. At year end it held assets of $16.2m against liabilities of $2.1m, net assets of $14.1m. It reported 10 employees.