That Suits You Inc

Analysis

That Suits You Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2014, 12 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 July 2024, That Suits You Inc reported income of $122k and spending of $122k, spending 100% of its income. Across the 3 years on record, from July 2021 to July 2024, income grew from $46k to $122k (+167%), an average of +64% a year. The sharpest change came in the year to July 2023, when income rose by 85%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, That Suits You Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Pond Plain Improvement Assoc ($122k), Iitforiit Inc ($122k) and Ahava Ministries Inc ($122k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.