Stepping Stones to Learning

Analysis

Stepping Stones to Learning is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Stepping Stones to Learning reported income of $640k and spending of $560k, spending 87% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $939k to $640k (-32%), an average of -9.1% a year. The sharpest change came in the year to July 2023, when income dropped by 25%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stepping Stones to Learning sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Watts of Power Foundation Corp ($640k), New College Franklin Inc ($640k) and Ariel Education Intiative ($640k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $59k (10% of expenses). Other salaries and wages came to $358k. At year end it held assets of $754k against liabilities of $1,170, net assets of $753k. It reported 26 employees.