Career Wardrobe

Analysis

Career Wardrobe is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2023, Career Wardrobe reported income of $2.5m and spending of $2.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.5m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Career Wardrobe sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include African American Credit Union Coalition ($2.5m), Center for Living and Learning ($2.5m) and Forest Grove Foundation Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Other salaries and wages came to $848k. At year end it held assets of $922k against liabilities of $223k, net assets of $700k. It reported 22 employees.