Dress for Success Denver

Analysis

Dress for Success Denver is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Denver reported income of $399k and spending of $453k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $345k to $399k (+16%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dress for Success Denver sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Golden State Bonsai Federation ($399k), Youngstown Whitney Volunteer Fire Department ($399k) and The Harvard Crimson Trust II ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $78k (17% of expenses). Other salaries and wages came to $102k. At year end it held assets of $583k against liabilities of $8,641, net assets of $574k. It reported 5 employees.