Step Academy
EIN: 300562083 · Saint Paul, MN · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $13.1M |
| Total Expenses | $12.8M |
| Net Assets | $-2,465,181 |
Is Step Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Step Academy
Step Academy (EIN: 300562083) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code B29. The organization reported total revenue of $13.1M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Step Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Step Academy is a large nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.2M |
| Total Expenses | $12.8M |
| Surplus / Deficit | $-2,608,299 |
| Total Assets | $12.6M |
| Total Liabilities | $15.0M |
| Net Assets | $-2,465,181 |
| Operating Margin | -25.6% |
| Debt-to-Asset Ratio | 119.6% |
| Months of Reserves | 11.8 months |
Financial Health Grade: C
In 2023, Step Academy reported a deficit of $2.6M with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 119.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Step Academy's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +29.2% | +39.8% |
| 2022 | +20.8% | +20.5% | +39.8% |
| 2021 | -2.8% | -1.4% | +11.2% |
| 2020 | +38.7% | +53.4% | -0.3% |
| 2019 | +8.5% | -9.2% | +33.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Step Academy 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 Step Academy 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 $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 119.6%.
Frequently Asked Questions about Step Academy
Is Step Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Step Academy (EIN: 300562083) insufficient data. 0 red flags identified, 0 strengths noted.
How does Step Academy spend its money?
Detailed spending breakdown data is not yet available for Step Academy. Check back for updated IRS 990 analysis.
Are donations to Step Academy tax-deductible?
Step Academy is registered as a tax-exempt nonprofit (EIN: 300562083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Step Academy located?
Step Academy is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 300562083. It is classified under NTEE code B29.
How many years of IRS 990 filings does Step Academy have?
Step Academy has 12 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 $13.1M in total revenue.
Filing History
IRS 990 filing history for Step Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Step Academy's revenue has grown by 301.8%, moving from $2.5M to $10.2M. Total assets increased by 1386.5% over the same period, from $845K to $12.6M. Total functional expenses rose by 481.2%, from $2.2M to $12.8M. In its most recent filing year (2023), Step Academy reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $15.0M in liabilities against $12.6M in assets (debt-to-asset ratio: 119.6%), resulting in net assets of $-2,465,181.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.2M | $12.8M | $12.6M | $15.0M | — | View 990 |
| 2022 | $10.0M | $9.9M | $9.0M | $8.8M | — | View 990 |
| 2021 | $8.3M | $8.2M | $6.4M | $6.4M | — | View 990 |
| 2020 | $8.5M | $8.3M | $5.8M | $5.8M | — | View 990 |
| 2019 | $6.1M | $5.4M | $5.8M | $6.0M | — | View 990 |
| 2018 | $5.7M | $6.0M | $4.3M | $5.2M | — | View 990 |
| 2017 | $3.6M | $4.1M | $4.1M | $4.8M | — | View 990 |
| 2016 | $3.2M | $3.3M | $1.9M | $2.0M | — | View 990 |
| 2015 | $3.0M | $2.7M | $1.5M | $1.5M | — | View 990 |
| 2014 | $2.4M | $2.3M | $736K | $120K | — | View 990 |
| 2013 | $2.5M | $2.3M | $618K | $89K | — | View 990 |
| 2012 | $2.5M | $2.2M | $845K | $502K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.2M, expenses of $12.8M, and assets of $12.6M (revenue +2.0% year-over-year).
- 2022: Revenue of $10.0M, expenses of $9.9M, and assets of $9.0M (revenue +20.8% year-over-year).
- 2021: Revenue of $8.3M, expenses of $8.2M, and assets of $6.4M (revenue -2.8% year-over-year).
- 2020: Revenue of $8.5M, expenses of $8.3M, and assets of $5.8M (revenue +38.7% year-over-year).
- 2019: Revenue of $6.1M, expenses of $5.4M, and assets of $5.8M (revenue +8.5% year-over-year).
- 2018: Revenue of $5.7M, expenses of $6.0M, and assets of $4.3M (revenue +58.6% year-over-year).
- 2017: Revenue of $3.6M, expenses of $4.1M, and assets of $4.1M (revenue +12.5% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.3M, and assets of $1.9M (revenue +5.1% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.7M, and assets of $1.5M (revenue +26.7% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.3M, and assets of $736K (revenue -6.0% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.3M, and assets of $618K (revenue -0.2% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.2M, and assets of $845K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Step Academy:
Data Sources and Methodology
This transparency report for Step Academy 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.