Dress for Success Tampa Bay Inc

Analysis

Dress for Success Tampa Bay Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 Tampa Bay Inc reported income of $433k and spending of $357k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $433k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Dress for Success Tampa Bay Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Olde Towne Theatre Co Inc ($433k), Kennedy Family Foundation Inc ($433k) and United Way of Walton County ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $25k (7.1% of expenses). Other salaries and wages came to $105k. At year end it held assets of $194k against liabilities of $225, net assets of $194k. It reported 6 employees.