Success in Style

Analysis

Success in Style is a registered charity in United States, based in Savage, MD. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Success in Style reported income of $942k and spending of $1.0m, spending 106% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $560k to $942k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Success in Style sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Central City Action Committee ($942k), Brooklyn Neighborhood Improvement ($943k) and Endeavor Atlanta Inc ($941k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $154k (15% of expenses). Other salaries and wages came to $318k. At year end it held assets of $299k against liabilities of $8,002, net assets of $291k. It reported 15 employees.