Boots to Suits

Analysis

Boots to Suits is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Boots to Suits reported income of $51k and spending of $104k, spending 204% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $75k to $51k (-32%), an average of -32% a year. The sharpest change came in the year to May 2024, when income dropped by 32%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boots to Suits sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Wakefield Senior Citizens Inc ($51k), PTA New Jersey Congress of Parents & Teachers ($51k) and Future Farmers of America ($51k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $149k against liabilities of $331, net assets of $148k.