First Steps Kent
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 73 peers in Education with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $10,520,422↑23% | $10,890,715↑31% | $3,416,832↑5% | — |
| 2022 | $8,534,103↑34% | $8,331,757↑35% | $3,263,286↑25% | — |
| 2021 | $6,363,440↑77% | $6,180,254↑65% | $2,604,123↑2% | — |
| 2020 | $3,588,201↑130% | $3,747,156↑170% | $2,563,732↑75% | — |
| 2019 | $1,557,034↓18% | $1,389,520↓18% | $1,466,341↑6% | — |
| 2018 | $1,890,436↑10% | $1,702,968↑27% | $1,379,480↑20% | — |
| 2017 | $1,720,903↑44% | $1,336,223↑5% | $1,144,893↑50% | — |
| 2016 | $1,197,113↓12% | $1,267,138↓20% | $765,151↓13% | — |
| 2015 | $1,363,549↓37% | $1,574,591↓21% | $878,924↓21% | — |
| 2014 | $2,168,156↑18% | $1,989,367↓17% | $1,110,909↑13% | — |
| 2013 | $1,832,418↑22% | $2,391,913↓13% | $985,412↓37% | — |
| 2012 | $1,504,208↓29% | $2,743,655↑5% | $1,568,385↓45% | — |
| 2011 | $2,133,445 | $2,623,120 | $2,866,563 | — |
Frequently Asked Questions
What does First Steps Kent do?▼
First Steps Kent is a education nonprofit organization based in Michigan. It is classified under NTEE code B90 and is registered as a 501(c) tax-exempt organization with the IRS.
Is First Steps Kent financially healthy?▼
Based on our 9-metric Financial Health Score model, First Steps Kent has a score of 61/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does First Steps Kent generate?▼
First Steps Kent reports $13.0M in annual revenue and holds $4.8M in total assets, based on IRS filings.