Footsteps Experience Inc
EIN: 473642485 · Colorado Spgs, CO · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $222K |
| Total Expenses | $540K |
| Net Assets | $-11,774 |
Is Footsteps Experience Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Footsteps Experience Inc
Footsteps Experience Inc (EIN: 473642485) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code X20. The organization reported total revenue of $222K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Footsteps Experience Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Footsteps Experience Inc is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $526K |
| Total Expenses | $540K |
| Surplus / Deficit | $-13,856 |
| Total Assets | $134K |
| Total Liabilities | $146K |
| Net Assets | $-11,774 |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 108.8% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Footsteps Experience Inc reported a deficit of $14K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 108.8% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Footsteps Experience Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.9% | +17.2% | +70.9% |
| 2022 | +68.2% | +81.1% | -49.9% |
| 2021 | +40.5% | +29.5% | -8.6% |
| 2020 | -58.3% | -52.1% | -6.6% |
| 2019 | -0.2% | -6.1% | +61.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Footsteps Experience Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Footsteps Experience Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.8%.
Frequently Asked Questions about Footsteps Experience Inc
Is Footsteps Experience Inc a legitimate charity?
Footsteps Experience Inc (EIN: 473642485) is a registered tax-exempt nonprofit based in Colorado. It has 8 years of IRS 990 filings on record. Total revenue: $222K. No red flags identified. Financial health grade: D.
How does Footsteps Experience Inc spend its money?
Footsteps Experience Inc reported $222K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Footsteps Experience Inc tax-deductible?
Footsteps Experience Inc is registered as a tax-exempt nonprofit (EIN: 473642485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Footsteps Experience Inc located?
Footsteps Experience Inc is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 473642485. It is classified under NTEE code X20.
How many years of IRS 990 filings does Footsteps Experience Inc have?
Footsteps Experience Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $222K in total revenue.
Filing History
IRS 990 filing history for Footsteps Experience Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Footsteps Experience Inc's revenue has grown by 34.2%, moving from $392K to $526K. Total assets increased by 80.9% over the same period, from $74K to $134K. Total functional expenses rose by 48.7%, from $363K to $540K. In its most recent filing year (2023), Footsteps Experience Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $146K in liabilities against $134K in assets (debt-to-asset ratio: 108.8%), resulting in net assets of $-11,774.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $526K | $540K | $134K | $146K | — | — |
| 2022 | $432K | $461K | $79K | $89K | — | View 990 |
| 2021 | $257K | $254K | $157K | $138K | — | View 990 |
| 2020 | $183K | $196K | $171K | $155K | — | — |
| 2019 | $438K | $410K | $184K | $153K | — | View 990 |
| 2018 | $439K | $436K | $114K | $111K | — | View 990 |
| 2017 | $312K | $356K | $107K | $106K | — | — |
| 2016 | $392K | $363K | $74K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $526K, expenses of $540K, and assets of $134K (revenue +21.9% year-over-year).
- 2022: Revenue of $432K, expenses of $461K, and assets of $79K (revenue +68.2% year-over-year).
- 2021: Revenue of $257K, expenses of $254K, and assets of $157K (revenue +40.5% year-over-year).
- 2020: Revenue of $183K, expenses of $196K, and assets of $171K (revenue -58.3% year-over-year).
- 2019: Revenue of $438K, expenses of $410K, and assets of $184K (revenue -0.2% year-over-year).
- 2018: Revenue of $439K, expenses of $436K, and assets of $114K (revenue +40.5% year-over-year).
- 2017: Revenue of $312K, expenses of $356K, and assets of $107K (revenue -20.5% year-over-year).
- 2016: Revenue of $392K, expenses of $363K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Footsteps Experience Inc:
Data Sources and Methodology
This transparency report for Footsteps Experience Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.