Dress for Success Central Virginia

Analysis

Dress for Success Central Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 2012, 14 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 Central Virginia reported income of $90k and spending of $107k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $90k (-1.5%), an average of -1.5% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dress for Success Central Virginia sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Chase Memorial Community Center Inc ($90k), Mt Ida Gardens Inc ($90k) and Vicars Landing Foundation Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.