Dress for Success Cleveland

Analysis

Dress for Success Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 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, Dress for Success Cleveland reported income of $230k and spending of $268k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $478k to $230k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 98% 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 Cleveland sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Johnson County Economic Development Corporation ($230k), Ashland Main Street Association ($230k) and Lakeview Community Partnership ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $75k (28% of expenses). Other salaries and wages came to $85k. At year end it held assets of $171k against liabilities of $35k, net assets of $136k. It reported 5 employees.