Footsteps Inc
Footsteps Inc shows strong revenue growth and zero reported officer compensation over a decade.
EIN: 200666923 · New York, NY · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $4.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $4.0M |
| Transparency Score | 92/100 |
Is Footsteps Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Footsteps Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Footsteps Inc
Footsteps Inc (EIN: 200666923) is a nonprofit organization based in New York, NY, classified under NTEE code P80. The organization reported total revenue of $3.7M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Footsteps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Footsteps Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $4.6M |
| Total Liabilities | $575K |
| Net Assets | $4.0M |
| Operating Margin | 18.1% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 11.2 months |
Financial Health Grade: A
In 2023, Footsteps Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Footsteps Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +137.1% | +19.1% | +49.4% |
| 2022 | -50.8% | +13.3% | -37.1% |
| 2021 | +56.7% | +6.5% | +57.4% |
| 2020 | +33.0% | +20.5% | -2.7% |
| 2019 | -43.9% | +25.6% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Footsteps Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Footsteps Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.6%.
Executive Compensation Analysis
Footsteps Inc has consistently reported 0% officer compensation across all 13 available IRS 990 filings, which is highly unusual for an organization with revenues reaching nearly $6 million and assets over $4.5 million, suggesting either a volunteer-led executive team or compensation reported under different categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Footsteps Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual executive remuneration if it's reported elsewhere or through related entities.
Strengths
The following positive indicators were identified for Footsteps Inc:
- Strong and consistent revenue growth over the past decade, from $784,663 in 2014 to $5,981,766 in 2023.
- Excellent financial transparency regarding executive compensation, with 0% reported officer compensation across all filings.
- Healthy asset growth, increasing from $371,170 in 2014 to $4,570,879 in 2023, indicating strong financial management.
- Consistent history of IRS 990 filings (13 filings), demonstrating commitment to public accountability.
- Positive net income in the most recent fiscal year (2023: $5,981,766 revenue vs. $4,901,654 expenses), indicating financial sustainability.
Frequently Asked Questions about Footsteps Inc
Is Footsteps Inc a legitimate charity?
Footsteps Inc (EIN: 200666923) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Footsteps Inc spend its money?
Footsteps Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Footsteps Inc tax-deductible?
Footsteps Inc is registered as a tax-exempt nonprofit (EIN: 200666923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Footsteps Inc CEO make?
Footsteps Inc's highest-compensated officer earns $6 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Footsteps Inc's spending goes to programs?
Footsteps Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Footsteps Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Footsteps Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Footsteps Inc located?
Footsteps Inc is headquartered in New York, New York and files with the IRS under EIN 200666923. It is classified under NTEE code P80.
How many years of IRS 990 filings does Footsteps Inc have?
Footsteps Inc has 13 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 $3.7M in total revenue.
How does Footsteps Inc manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings, even with significant revenue and assets, suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently within the filings (e.g., as general salaries not specifically identified as 'officer compensation').
What caused the significant expense increase in 2022 ($4,114,128) compared to revenue ($2,523,411)?
In 2022, Footsteps Inc experienced a period where expenses significantly outpaced revenue, leading to a net loss. This could be due to strategic investments, expansion of programs, one-time operational costs, or a temporary dip in fundraising, which was subsequently recovered in the 2023 fiscal year.
What is the organization's strategy for managing liabilities, which increased to $574,810 in 2023?
While liabilities have increased to $574,810 in 2023, they remain a relatively small portion of total assets ($4,570,879). This increase could be due to short-term operational needs, deferred revenue, or new program-related obligations, and appears manageable given the organization's overall financial health.
Filing History
IRS 990 filing history for Footsteps Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Footsteps Inc's revenue has grown by 1078.3%, moving from $508K to $6.0M. Total assets increased by 1056.7% over the same period, from $395K to $4.6M. Total functional expenses rose by 1052.8%, from $425K to $4.9M. In its most recent filing year (2023), Footsteps Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $575K in liabilities against $4.6M in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $4.9M | $4.6M | $575K | — | — |
| 2022 | $2.5M | $4.1M | $3.1M | $254K | — | View 990 |
| 2021 | $5.1M | $3.6M | $4.9M | $212K | — | View 990 |
| 2020 | $3.3M | $3.4M | $3.1M | $111K | — | View 990 |
| 2019 | $2.5M | $2.8M | $3.2M | $95K | — | View 990 |
| 2018 | $4.4M | $2.3M | $3.5M | $68K | — | View 990 |
| 2017 | $2.3M | $1.7M | $1.4M | $68K | — | View 990 |
| 2016 | $1.2M | $1.4M | $795K | $69K | — | View 990 |
| 2015 | $1.7M | $1.2M | $962K | $31K | — | View 990 |
| 2014 | $785K | $853K | $371K | $24K | — | View 990 |
| 2013 | $665K | $589K | $455K | $39K | — | View 990 |
| 2012 | $341K | $348K | $391K | $50K | — | View 990 |
| 2011 | $508K | $425K | $395K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $4.9M, and assets of $4.6M (revenue +137.1% year-over-year).
- 2022: Revenue of $2.5M, expenses of $4.1M, and assets of $3.1M (revenue -50.8% year-over-year).
- 2021: Revenue of $5.1M, expenses of $3.6M, and assets of $4.9M (revenue +56.7% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.4M, and assets of $3.1M (revenue +33.0% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.8M, and assets of $3.2M (revenue -43.9% year-over-year).
- 2018: Revenue of $4.4M, expenses of $2.3M, and assets of $3.5M (revenue +92.7% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.7M, and assets of $1.4M (revenue +87.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.4M, and assets of $795K (revenue -30.3% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.2M, and assets of $962K (revenue +121.9% year-over-year).
- 2014: Revenue of $785K, expenses of $853K, and assets of $371K (revenue +18.1% year-over-year).
- 2013: Revenue of $665K, expenses of $589K, and assets of $455K (revenue +94.9% year-over-year).
- 2012: Revenue of $341K, expenses of $348K, and assets of $391K (revenue -32.8% year-over-year).
- 2011: Revenue of $508K, expenses of $425K, and assets of $395K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Footsteps Inc:
Data Sources and Methodology
This transparency report for Footsteps 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.