Education
(B90)
IRS Verified
DX Registered
990 on File
STEPS TO SUCCESS INC
Financial strength (30%)
80/100
Reliability (20%)
50/100
Effectiveness (25%)
93/100
Impact (25%)
50/100
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of Steps to Success is to promote equity for students from low-income families in Brookline by expanding their horizons, building upon their skills, and supporting their educational journey in order to maximize their life choices.
Financial Overview — FY 2023
$1.3M
Total Revenue
$1.4M
Total Expenses
$1.2M
Net Assets
62
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
77.8%
Fundraising Efficiency
N/A
Operating Reserve
10.75x
Liability-to-Asset
20.5%
Revenue Diversification
68.4%
Executive Compensation
$86K
Compared with Peers
FY 2023
Compared with 11,226 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.8% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.3% | 13.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.9% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
10.8 mo | 8.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
20.5% | 23.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
68.4% | 90.7% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-17.7% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
51.2% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-4.7% | 3.2% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improved academic skills, increased workforce readiness skills, higher rates of college graduation | 325 | $3,500.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $1.2M | 77.8% | 62 |
| 2022 | $1.6M | $895K | $1.2M | 70.5% | 59 |
| 2021 | $1.0M | $817K | N/A | — | 54 |
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