Dress for Success Boston Inc

Analysis

Dress for Success Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 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, Dress for Success Boston Inc reported income of $978k and spending of $621k, leaving 37% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $448k to $978k (+118%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 139%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dress for Success Boston Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Feeding Avery Families ($978k), Greater Harleysville and North Penn Senior Services ($978k) and Creative Clay Inc ($978k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $117k (19% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.0m against liabilities of $13k, net assets of $1.0m. It reported 5 employees.