Dress for Success Twin Cities

Analysis

Dress for Success Twin Cities is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2011, 15 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 2023, Dress for Success Twin Cities reported income of $1.0m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $709k to $1.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 88% 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 Twin Cities sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Oklahoma Native Assets Coalition Inc ($1.0m), Union Project ($1.0m) and American Bankers Association Community Engagement Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $107k (9.1% of expenses). Other salaries and wages came to $379k. It paid $36k in professional fundraising fees. At year end it held assets of $913k against liabilities of $142k, net assets of $771k. It reported 8 employees.