Suits of Kindness Inc

Analysis

Suits of Kindness Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2015, 11 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, Suits of Kindness Inc reported income of $1.0m and spending of $865k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $1.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Suits of Kindness Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Cole Acres Country Club Inc ($1.0m), Mason-Rice After School Program Inc ($1.0m) and Youth Enrichment Program ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. At year end it held assets of $458k against liabilities of $0, net assets of $458k.