Suited for Success Inc

Analysis

Suited for Success Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1994, 32 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 June 2023, Suited for Success Inc reported income of $801k and spending of $695k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $599k to $801k (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 94% 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 Success Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Lamar Sheltered Workshop ($801k), Littlejohn Community Center Inc ($802k) and Senior Navigatorcom ($801k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $284k. At year end it held assets of $373k against liabilities of $7,558, net assets of $366k. It reported 6 employees.