Dress for Success Memphis

Analysis

Dress for Success Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2000, 26 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 Memphis reported income of $220k and spending of $228k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $258k to $220k (-15%), an average of -7.7% a year. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dress for Success Memphis sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Feed the Need of Putnam County Inc ($220k), Respite Retreats Inc ($220k) and Family Promise of Cobb County ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $26k (11% of expenses). At year end it held assets of $231k against liabilities of $0, net assets of $231k.