Raisefashion Inc

Analysis

Raisefashion Inc is a registered charity in United States, based in Woodbury, CT. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, Raisefashion Inc reported income of $308k and spending of $267k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $308k (+449%), an average of +449% a year. The sharpest change came in the year to December 2023, when income rose by 449%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raisefashion Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include One Love Animal Rescue Inc ($308k), Leadership Geauga County ($308k) and Carroll County Public Library Foundation Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.