Dress for Success River Cities Inc

Analysis

Dress for Success River Cities Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in November 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dress for Success River Cities Inc reported income of $210k and spending of $221k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $228k to $210k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 98% 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 River Cities Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WV. Charities of a similar size with the same main cause include Renton Rotary Caper Inc ($210k), Centerville Development Corp ($210k) and Downtown Goldsboro Development Corp ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $50k (22% of expenses). Other salaries and wages came to $41k. At year end it held assets of $86k against liabilities of $6,904, net assets of $79k. It reported 5 employees.