Dress for Success Worcester Inc

Analysis

Dress for Success Worcester Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in April 2009, 17 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, Dress for Success Worcester Inc reported income of $237k and spending of $240k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $223k to $237k (+6.6%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, Dress for Success Worcester Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Das Foundation Inc ($237k), South of South Neighborhood Association Inc ($237k) and Parnassah Network Inc ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $77k (32% of expenses). Other salaries and wages came to $53k. At year end it held assets of $255k against liabilities of $187k, net assets of $68k. It reported 2 employees.