Stepping Stone of San Diego

Analysis

Stepping Stone of San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1977, 49 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, Stepping Stone of San Diego reported income of $3.4m and spending of $3.8m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.4m (+0.4%), an average of +0.1% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stepping Stone of San Diego sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Guy and Mary Felt Manor Incorporated ($3.4m), Southeastern Connecticut Enterprise Region Corporation ($3.4m) and Mission First Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $21k (0.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.7m against liabilities of $839k, net assets of $2.9m. It reported 43 employees.