Is Take The Next Step Legit?

Take The Next Step demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding financial base. In the latest reported period (202312), the organization generated $1,072,153 in revenue against $981,115 in expenses, resulting in a surplus that contributes to asset growth. The organization's assets have grown significantly from $81,146 in 2014 to $468,173 in 2023, suggesting effective financial management and accumulation of resources. The organization appears to be efficient in its spending, with expenses consistently lower than revenue in most recent years, allowing for reinvestment and growth. A key indicator of strong financial health is the low liability-to-asset ratio, which was approximately 6.8% ($32,197 in liabilities against $468,173 in assets) in 2023, suggesting minimal financial risk. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards programmatic activities rather than executive salaries, enhancing donor confidence. While specific program spending percentages are not provided in the raw data, the absence of officer compensation and the consistent financial surpluses suggest a strong focus on mission. The organization's consistent filing history over 13 periods also points to good governance and transparency in reporting its financial activities to the IRS.