Stepping Stone

Analysis

Stepping Stone is a registered charity in United States, based in Burlingame, CA. It received its IRS tax-exemption ruling in April 1979, 47 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 December 2023, Stepping Stone reported income of $411k and spending of $437k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $426k to $411k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stone sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Corcoran Community Fund ($411k), Lamppost Farm ($411k) and Heart of Grant County ($411k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $243k. At year end it held assets of $130k against liabilities of $0, net assets of $130k. It reported 5 employees.