Significant decline in assets from $66,040 in 2022 to $19,901 in 2023
Periods of zero reported revenue (2016, 2017) while incurring substantial expenses
Inconsistent revenue generation over the past decade
Strengths
Zero officer compensation reported across all filings, indicating volunteer leadership
No liabilities reported in any filing period, suggesting sound debt management
Consistent IRS 990 filing history, indicating transparency in reporting
Spending Breakdown
How Step Of Faith Outreach Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Step Of Faith Outreach Inc
Is Step Of Faith Outreach Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Step Of Faith Outreach Inc (EIN: 203900815) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
Is Step Of Faith Outreach Inc a good charity to donate to?
Step Of Faith Outreach Inc has a Mission Score of 60/100. Revenue: $178K. Assets: $35K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Step Of Faith Outreach Inc?
The Employer Identification Number (EIN) for Step Of Faith Outreach Inc is 203900815. 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 Step Of Faith Outreach Inc spend its money?
Step Of Faith Outreach Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Step Of Faith Outreach Inc's tax-exempt status?
You can verify Step Of Faith Outreach Inc's tax-exempt status using EIN 203900815 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
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.