Step of Faith Foundation Inc

Analysis

Step of Faith Foundation Inc is a registered charity in United States, based in Parkville, MD. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Step of Faith Foundation Inc reported income of $125k and spending of $126k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,500 to $125k (+1567%), an average of +1567% a year. The sharpest change came in the year to December 2023, when income rose by 1567%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Step of Faith Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Reno Toy Run ($125k), Coastal Communities Drug-Free Coalition ($125k) and Carrington Youth Center ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,500 against liabilities of $0, net assets of $1,500.