Dress for Success Austin

Analysis

Dress for Success Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, 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, Dress for Success Austin reported income of $797k and spending of $623k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $797k (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dress for Success Austin sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Citybuild Community Developmentcorporation ($797k), Santa Barbara Police Activities League ($797k) and Greensboro Downtown Parks Inc ($797k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $90k (14% of expenses). Other salaries and wages came to $342k. At year end it held assets of $1.1m against liabilities of $228k, net assets of $854k. It reported 8 employees.