Dress for Success Rochester Inc

Analysis

Dress for Success Rochester Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 2015, 11 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 June 2023, Dress for Success Rochester Inc reported income of $429k and spending of $233k, leaving 46% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $167k to $429k (+157%), an average of +157% a year. The sharpest change came in the year to June 2023, when income rose by 157%. Over the whole period it spent 69% 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 Rochester Inc 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 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Freedom Initiative ($429k), Strategic Workforce Solutions ($429k) and New United Neighbors Dev Corp ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $29k (12% of expenses). Other salaries and wages came to $50k. At year end it held assets of $299k against liabilities of $153k, net assets of $146k. It reported 2 employees.