Step Of Faith Outreach Inc

Step Of Faith Outreach Inc faces financial instability with expenses frequently exceeding revenue and declining assets.

EIN: 203900815 · Lavonia, GA · NTEE: P30 · Updated: 2026-03-28

$178KRevenue

$35KAssets

60/100Mission Score (Good)

P30

About Step Of Faith Outreach Inc

Step Of Faith Outreach Inc (EIN: 203900815) is a nonprofit organization based in Lavonia, GA, classified under NTEE code P30. The organization reported total revenue of $178K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Step Of Faith Outreach Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Step Of Faith Outreach Inc has demonstrated inconsistent financial performance over the past decade. While the organization reported revenue of $162,222 in 2023, its expenses exceeded this at $208,361, leading to a deficit. This trend of expenses exceeding revenue is also visible in 2022 ($180,172 expenses vs. $167,408 revenue) and 2019 ($164,830 expenses vs. $159,600 revenue), and significantly in 2017 and 2016 where no revenue was reported against substantial expenses. The organization's assets have fluctuated, decreasing from $66,040 in 2022 to $19,901 in 2023, indicating a weakening financial position.

The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of zero officer compensation across all available filings suggests a volunteer-driven leadership, which can be a positive indicator of resource allocation towards mission-related activities. The lack of reported liabilities across all periods is a strong positive, indicating sound debt management.

Transparency appears to be adequate through its consistent IRS 990 filings. However, the absence of detailed expense categories (program, administrative, fundraising) in the provided data limits a comprehensive assessment of spending efficiency. The significant swings in revenue, including periods of zero revenue, raise questions about funding stability and long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Step Of Faith Outreach Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Step Of Faith Outreach Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is a positive sign for resource allocation.

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 Step Of Faith Outreach Inc's IRS 990 filings:

Frequent operating deficits (e.g., 2023, 2022, 2019, 2017, 2016)
Significant decline in assets from $66,040 in 2022 to $19,901 in 2023
Periods of zero reported revenue (2016, 2017) while incurring substantial expenses
Inconsistent revenue generation over the past decade

Strengths

The following positive indicators were identified for Step Of Faith Outreach Inc:

Zero officer compensation reported across all filings, indicating volunteer leadership
No liabilities reported in any filing period, suggesting sound debt management
Consistent IRS 990 filing history, indicating transparency in reporting

Frequently Asked Questions about Step Of Faith Outreach Inc

Is Step Of Faith Outreach Inc a good charity?

Step Of Faith Outreach Inc exhibits mixed signals. While it maintains zero officer compensation and no liabilities, its financial stability is a concern due to frequent deficits and declining assets. A detailed breakdown of program spending versus administrative and fundraising costs would be necessary for a more definitive assessment.

Why did Step Of Faith Outreach Inc report zero revenue in 2016 and 2017?

The provided data shows zero revenue reported for the periods 201612 and 201712, while still incurring significant expenses ($166,039 and $174,981 respectively). This could indicate a reliance on prior year reserves, significant in-kind donations not reported as revenue, or a temporary halt in fundraising activities during those years.

What caused the significant drop in assets from $66,040 in 2022 to $19,901 in 2023?

The substantial decrease in assets from $66,040 in 2022 to $19,901 in 2023, coupled with expenses exceeding revenue in 2023 ($208,361 expenses vs. $162,222 revenue), suggests that the organization likely used its reserves to cover operational costs.

How does the organization sustain operations with frequent deficits?

The organization appears to sustain operations by drawing down on its assets during periods of deficit, as seen in the asset decline from 2022 to 2023. It also experiences periods of surplus, such as in 2021 ($402,034 revenue vs. $338,144 expenses), which may help build reserves for leaner years.

Filing History

IRS 990 filing history for Step Of Faith Outreach Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Step Of Faith Outreach Inc's revenue has declined by 25.1%, moving from $217K to $162K. Total assets decreased by 17.6% over the same period, from $24K to $20K. Total functional expenses fell by 3.7%, from $216K to $208K. In its most recent filing year (2023), Step Of Faith Outreach Inc reported a deficit of $46K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$162K	$208K	$20K	$0	—	—
2022	$167K	$180K	$66K	$0	—	View 990
2021	$402K	$338K	$79K	$0	—	View 990
2020	$278K	$267K	$38K	$0	—	View 990
2019	$160K	$165K	$27K	$0	—	View 990
2018	$175K	$165K	$32K	$0	—	View 990
2017	$0	$175K	$22K	$0	—	View 990
2016	$0	$166K	$25K	$0	—	View 990
2015	$270K	$258K	$29K	$0	—	View 990
2014	$270K	$267K	$16K	$0	—	View 990
2013	$149K	$148K	$14K	$0	—	View 990
2012	$215K	$227K	$12K	$0	—	View 990
2011	$217K	$216K	$24K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $162K, expenses of $208K, and assets of $20K (revenue -3.1% year-over-year).
2022: Revenue of $167K, expenses of $180K, and assets of $66K (revenue -58.4% year-over-year).
2021: Revenue of $402K, expenses of $338K, and assets of $79K (revenue +44.8% year-over-year).
2020: Revenue of $278K, expenses of $267K, and assets of $38K (revenue +73.9% year-over-year).
2019: Revenue of $160K, expenses of $165K, and assets of $27K (revenue -8.6% year-over-year).
2018: Revenue of $175K, expenses of $165K, and assets of $32K.
2017: Revenue of $0, expenses of $175K, and assets of $22K.
2016: Revenue of $0, expenses of $166K, and assets of $25K (revenue -100.0% year-over-year).
2015: Revenue of $270K, expenses of $258K, and assets of $29K (revenue +0.3% year-over-year).
2014: Revenue of $270K, expenses of $267K, and assets of $16K (revenue +80.6% year-over-year).
2013: Revenue of $149K, expenses of $148K, and assets of $14K (revenue -30.5% year-over-year).
2012: Revenue of $215K, expenses of $227K, and assets of $12K (revenue -0.9% year-over-year).
2011: Revenue of $217K, expenses of $216K, and assets of $24K.

Data Sources and Methodology

This transparency report for Step Of Faith Outreach 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.