Dress for Success Charlotte

Analysis

Dress for Success Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2002, 24 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, Dress for Success Charlotte reported income of $785k and spending of $686k, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $660k to $785k (+19%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dress for Success Charlotte sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Charis Inc ($785k), Soldiers to Sidelines LLC ($785k) and Texas Panhandle Independent Futures Foundation ($785k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $123k (18% of expenses). Other salaries and wages came to $294k. At year end it held assets of $1.6m against liabilities of $46k, net assets of $1.6m. It reported 9 employees.