Dress for Success Triangle NC

Analysis

Dress for Success Triangle NC is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 2008, 18 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 December 2022, Dress for Success Triangle NC reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $931k to $1.3m (+37%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dress for Success Triangle NC sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Ecumenical Housing Corporation ($1.3m), Spuyten Duyvil Pre School Inc ($1.3m) and Oakland Lacrosse Club ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $119k (9.5% of expenses). Other salaries and wages came to $411k. At year end it held assets of $1.4m against liabilities of $348k, net assets of $1.1m. It reported 11 employees.