Tailored for Success

Analysis

Tailored for Success is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tailored for Success reported income of $103k and spending of $117k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $134k to $103k (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tailored for Success sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Eliada Foundation Inc ($103k), Construct a Kids Christmas ($103k) and Manele Koele Charitable Fund ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (38% of expenses). At year end it held assets of $30k against liabilities of $0, net assets of $30k. It reported 1 employees.