Next Step Learning Center Inc

Analysis

Next Step Learning Center Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Next Step Learning Center Inc reported income of $1.5m and spending of $663k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $424k to $1.5m (+247%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Next Step Learning Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Washington State Community Action Partnership ($1.5m), Community Care in Union County Inc ($1.5m) and Seedspot ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $150k (23% of expenses). At year end it held assets of $3.8m against liabilities of $61k, net assets of $3.7m. It reported 7 employees.