A Step to Freedom

Analysis

A Step to Freedom is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, A Step to Freedom reported income of $3.2m and spending of $3.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $3.2m (+610%), an average of +63% a year. The sharpest change came in the year to December 2020, when income rose by 318%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A Step to Freedom 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 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Oneheart ($3.2m), Tempe Coalition for Affordable Housing Inc ($3.2m) and Casa de Redwood Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $92k (2.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $684k against liabilities of $688k, net assets of -$4,532. It reported 86 employees.