Take The Next Step

Is Take The Next Step Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Take The Next Step directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Take The Next Step

Take The Next Step (EIN: 203291700) is a nonprofit organization based in Monroe, WA, classified under NTEE code P60. The organization reported total revenue of $1.2M and total assets of $581K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Take The Next Step's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Take The Next Step 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, Take The Next Step 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.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with over $1 million in annual revenue.

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 Take The Next Step's IRS 990 filings:

• Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is being reported in other categories or through related entities not immediately apparent.

Strengths

The following positive indicators were identified for Take The Next Step:

• Consistent revenue growth over a decade, from $150,588 in 2014 to $1,072,153 in 2023.
• Zero reported officer compensation across all 13 filings, suggesting high dedication of funds to programs.
• Healthy asset growth and low liabilities, indicating strong financial management and stability.
• Consistent surplus of revenue over expenses in most recent years, allowing for reinvestment.
• Long and consistent IRS 990 filing history, demonstrating transparency and compliance.

Frequently Asked Questions about Take The Next Step

Filing History

IRS 990 filing history for Take The Next Step showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Take The Next Step's revenue has grown by 768.6%, moving from $123K to $1.1M. Total assets increased by 534.8% over the same period, from $74K to $468K. Total functional expenses rose by 615.4%, from $137K to $981K. In its most recent filing year (2023), Take The Next Step reported a surplus of $91K, with revenue exceeding expenses. The organization holds $32K in liabilities against $468K in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $436K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.1M, expenses of $981K, and assets of $468K (revenue +20.7% year-over-year).
• 2022: Revenue of $889K, expenses of $822K, and assets of $348K (revenue +13.5% year-over-year).
• 2021: Revenue of $783K, expenses of $781K, and assets of $287K (revenue -15.7% year-over-year).
• 2020: Revenue of $929K, expenses of $779K, and assets of $334K (revenue +68.8% year-over-year).
• 2019: Revenue of $550K, expenses of $575K, and assets of $138K (revenue +4.0% year-over-year).
• 2018: Revenue of $529K, expenses of $509K, and assets of $175K (revenue +15.7% year-over-year).
• 2017: Revenue of $457K, expenses of $451K, and assets of $154K (revenue +15.4% year-over-year).
• 2016: Revenue of $396K, expenses of $358K, and assets of $122K (revenue +29.4% year-over-year).
• 2015: Revenue of $306K, expenses of $289K, and assets of $89K (revenue +103.4% year-over-year).
• 2014: Revenue of $151K, expenses of $136K, and assets of $81K (revenue +30.3% year-over-year).
• 2013: Revenue of $116K, expenses of $144K, and assets of $27K (revenue +6.6% year-over-year).
• 2012: Revenue of $108K, expenses of $127K, and assets of $55K (revenue -12.1% year-over-year).
• 2011: Revenue of $123K, expenses of $137K, and assets of $74K.

Data Sources and Methodology

This transparency report for Take The Next Step 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.