Is Step Of Faith Outreach Inc Legit?

Step Of Faith Outreach Inc has demonstrated inconsistent financial performance over the past decade. While the organization reported revenue of $162,222 in 2023, its expenses exceeded this at $208,361, leading to a deficit. This trend of expenses exceeding revenue is also visible in 2022 ($180,172 expenses vs. $167,408 revenue) and 2019 ($164,830 expenses vs. $159,600 revenue), and significantly in 2017 and 2016 where no revenue was reported against substantial expenses. The organization's assets have fluctuated, decreasing from $66,040 in 2022 to $19,901 in 2023, indicating a weakening financial position. The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of zero officer compensation across all available filings suggests a volunteer-driven leadership, which can be a positive indicator of resource allocation towards mission-related activities. The lack of reported liabilities across all periods is a strong positive, indicating sound debt management. Transparency appears to be adequate through its consistent IRS 990 filings. However, the absence of detailed expense categories (program, administrative, fundraising) in the provided data limits a comprehensive assessment of spending efficiency. The significant swings in revenue, including periods of zero revenue, raise questions about funding stability and long-term sustainability.