Dress for Success Indianapolis Inc

Analysis

Dress for Success Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2001, 25 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 Indianapolis Inc reported income of $989k and spending of $1.1m, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $828k to $989k (+19%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 34%. 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 Indianapolis Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Southwest Ohio Region Workforce Investment Board ($987k), Brazos Valley Affordable Housing Corporation ($989k) and Saras Mentoring Center Inc ($987k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $98k (9.0% of expenses). Other salaries and wages came to $359k. At year end it held assets of $1.4m against liabilities of $457k, net assets of $942k. It reported 12 employees.