Dress for Success Palm Beaches Inc

Analysis

Dress for Success Palm Beaches Inc is a registered charity in United States, based in Greenacres, FL. It received its IRS tax-exemption ruling in December 2009, 17 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 2023, Dress for Success Palm Beaches Inc reported income of $624k and spending of $521k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $624k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 40%. 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 Palm Beaches Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Bethlehem Community Preschool Inc ($624k), Gliding Stars ($624k) and Philadelphia Hune Inc ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $88k (17% of expenses). Other salaries and wages came to $130k. At year end it held assets of $690k against liabilities of $68k, net assets of $622k. It reported 5 employees.