Suited for Change

Analysis

Suited for Change is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1992, 34 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 December 2023, Suited for Change reported income of $546k and spending of $541k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $676k to $546k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Suited for Change sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Ignite Alabama ($546k), Downtown Action Organization Incorporated ($546k) and Milestone of TN LLC ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $217k. It paid $24k in professional fundraising fees. At year end it held assets of $501k against liabilities of $115k, net assets of $386k. It reported 3 employees.