Dress for Success Louisville Inc

Analysis

Dress for Success Louisville Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2001, 25 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 Louisville Inc reported income of $157k and spending of $206k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $194k to $157k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dress for Success Louisville Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include Cook County Family Connection Inc ($157k), Banglahelp Inc ($157k) and Cell Dogs Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $60k (29% of expenses). Other salaries and wages came to $44k. At year end it held assets of $192k against liabilities of $4,080, net assets of $188k. It reported 8 employees.