Step 2

Analysis

Step 2 is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in December 1987, 39 years ago. 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 June 2023, Step 2 reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.6m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Step 2 sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include Bellevue Public School Foundation ($2.6m), Auglaize Industries Inc ($2.6m) and Iris Network ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $297k (12% of expenses). Other salaries and wages came to $973k. At year end it held assets of $10.7m against liabilities of $860k, net assets of $9.8m. It reported 53 employees.