Step Miami Branch Inc
EIN: 43606164 · Miami, FL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $555K |
| Total Expenses | $523K |
| Net Assets | $127K |
Is Step Miami Branch Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Step Miami Branch Inc
Step Miami Branch Inc (EIN: 43606164) is a nonprofit organization based in Miami, FL, classified under NTEE code B90. The organization reported total revenue of $555K and total assets of $146K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Step Miami Branch Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Step Miami Branch Inc is a small nonprofit that has been operating for 15 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 30.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $441K |
| Total Expenses | $523K |
| Surplus / Deficit | $-82,125 |
| Total Assets | $127K |
| Net Assets | $127K |
| Operating Margin | -18.6% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2024, Step Miami Branch Inc reported a deficit of $82K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2011–2024), Step Miami Branch Inc's revenue has grown at a compound annual growth rate (CAGR) of 30.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.5% | +20.7% | -50.6% |
| 2023 | +1215.9% | +278.3% | -56.1% |
| 2022 | +32.8% | +55.0% | +26.4% |
| 2021 | -92.8% | -77.0% | -5.5% |
| 2020 | +20.9% | +28.0% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Step Miami Branch 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 Step Miami Branch 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $82K, with expenses exceeding revenue.
Frequently Asked Questions about Step Miami Branch Inc
Is Step Miami Branch Inc a legitimate charity?
Step Miami Branch Inc (EIN: 43606164) is a registered tax-exempt nonprofit based in Florida. It has 14 years of IRS 990 filings on record. Total revenue: $555K. No red flags identified. Financial health grade: C.
How does Step Miami Branch Inc spend its money?
Step Miami Branch Inc reported $555K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Step Miami Branch Inc tax-deductible?
Step Miami Branch Inc is registered as a tax-exempt nonprofit (EIN: 43606164). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Step Miami Branch Inc located?
Step Miami Branch Inc is headquartered in Miami, Florida and files with the IRS under EIN 43606164. It is classified under NTEE code B90.
How many years of IRS 990 filings does Step Miami Branch Inc have?
Step Miami Branch Inc has 14 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 $555K in total revenue.
Filing History
IRS 990 filing history for Step Miami Branch Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Step Miami Branch Inc's revenue has grown by 3045.3%, moving from $14K to $441K. Total assets increased by 388.4% over the same period, from $26K to $127K. Total functional expenses rose by 10405.9%, from $5K to $523K. In its most recent filing year (2024), Step Miami Branch Inc reported a deficit of $82K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $441K | $523K | $127K | $0 | — | View 990 |
| 2023 | $498K | $433K | $257K | $48K | — | View 990 |
| 2022 | $38K | $115K | $586K | $442K | — | View 990 |
| 2021 | $29K | $74K | $464K | $243K | — | View 990 |
| 2020 | $393K | $322K | $490K | $224K | — | View 990 |
| 2019 | $325K | $251K | $542K | $348K | — | View 990 |
| 2018 | $232K | $183K | $316K | $196K | — | View 990 |
| 2017 | $53K | $27K | $193K | $121K | — | View 990 |
| 2016 | $6K | $6K | $46K | $0 | — | View 990 |
| 2015 | $35K | $28K | $46K | $0 | — | View 990 |
| 2014 | $19K | $23K | $39K | $0 | — | View 990 |
| 2013 | $29K | $21K | $43K | $0 | — | View 990 |
| 2012 | $13K | $4K | $35K | $0 | — | View 990 |
| 2011 | $14K | $5K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $441K, expenses of $523K, and assets of $127K (revenue -11.5% year-over-year).
- 2023: Revenue of $498K, expenses of $433K, and assets of $257K (revenue +1215.9% year-over-year).
- 2022: Revenue of $38K, expenses of $115K, and assets of $586K (revenue +32.8% year-over-year).
- 2021: Revenue of $29K, expenses of $74K, and assets of $464K (revenue -92.8% year-over-year).
- 2020: Revenue of $393K, expenses of $322K, and assets of $490K (revenue +20.9% year-over-year).
- 2019: Revenue of $325K, expenses of $251K, and assets of $542K (revenue +40.5% year-over-year).
- 2018: Revenue of $232K, expenses of $183K, and assets of $316K (revenue +335.8% year-over-year).
- 2017: Revenue of $53K, expenses of $27K, and assets of $193K (revenue +856.5% year-over-year).
- 2016: Revenue of $6K, expenses of $6K, and assets of $46K (revenue -84.0% year-over-year).
- 2015: Revenue of $35K, expenses of $28K, and assets of $46K (revenue +80.7% year-over-year).
- 2014: Revenue of $19K, expenses of $23K, and assets of $39K (revenue -34.5% year-over-year).
- 2013: Revenue of $29K, expenses of $21K, and assets of $43K (revenue +126.5% year-over-year).
- 2012: Revenue of $13K, expenses of $4K, and assets of $35K (revenue -7.6% year-over-year).
- 2011: Revenue of $14K, expenses of $5K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Step Miami Branch Inc:
Data Sources and Methodology
This transparency report for Step Miami Branch 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.