Suited to Succeed Inc

Analysis

Suited to Succeed Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1998, 28 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, Suited to Succeed Inc reported income of $88k and spending of $45k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $88k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Suited to Succeed Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include F&l Organizational Support Services Inc ($88k), Winchester Rotary Club Charitable Foundation Inc ($88k) and Main Street Blytheville Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $23k. At year end it held assets of $115k against liabilities of $0, net assets of $115k. It reported 2 employees.