Quick charity verification for Next Step Storm Inc (EIN: 10601182)
Verdict: Next Step Storm Inc appears trustworthy
92/100Mission Score
$300KRevenue
$124KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Expenses consistently track revenues, suggesting funds are directly deployed into operations (e.g., 2023 revenue $189,575 vs. expenses $185,011).
Low and often zero liabilities, demonstrating strong financial stability.
Steady growth in assets from $12,182 in 2014 to $98,321 in 2023, indicating prudent financial management.
Robust filing history with 12 filings, showing consistent compliance with IRS regulations.
Spending Breakdown
How Next Step Storm Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Next Step Storm Inc
Is Next Step Storm Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Next Step Storm Inc (EIN: 10601182) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Next Step Storm Inc a good charity to donate to?
Next Step Storm Inc has a Mission Score of 92/100. Revenue: $300K. Assets: $124K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Next Step Storm Inc?
The Employer Identification Number (EIN) for Next Step Storm Inc is 10601182. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Next Step Storm Inc spend its money?
Next Step Storm Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Next Step Storm Inc's tax-exempt status?
You can verify Next Step Storm Inc's tax-exempt status using EIN 10601182 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Next Step Storm Inc demonstrates consistent financial activity, with revenues fluctuating but generally showing growth over the past decade, culminating in $189,575 in 2023. The organization consistently spends nearly all of its revenue on expenses, as evidenced by the 2023 expenses of $185,011 against revenues of $189,575, indicating a lean operational model. Their asset base has grown steadily from $12,182 in 2014 to $98,321 in 2023, suggesting prudent financial management and accumulation of resources. The organization's liabilities have remained low, often at zero, which is a positive indicator of financial stability.
Regarding spending efficiency, the filings consistently show expenses closely tracking revenues, implying that funds are being deployed directly into operations. Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, it's challenging to precisely assess efficiency ratios. However, the absence of reported officer compensation across all filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a significant positive for efficiency and donor trust.
In terms of transparency, the organization has a robust filing history with 12 filings, indicating consistent compliance with IRS reporting requirements. The lack of officer compensation is a transparent and positive financial practice. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for external analysis.