Dress for Success Charity

Analysis

Dress for Success Charity is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 1999, 27 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 December 2022, Dress for Success Charity reported income of $254k and spending of $291k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $381k to $254k (-33%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dress for Success Charity sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within LA. Charities of a similar size with the same main cause include The Pyramid Community Development Corporation ($254k), Fernandina Beach Main Street Foundation Inc ($254k) and Womens Small Business Accelerator ($254k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $117k (40% of expenses). At year end it held assets of $236k against liabilities of $10k, net assets of $225k. It reported 2 employees.