Rightfully Sewn Inc

Analysis

Rightfully Sewn Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 2021, 5 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 September 2023, Rightfully Sewn Inc reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $661k to $1.3m (+101%), an average of +42% a year. The sharpest change came in the year to September 2023, when income rose by 52%. Over the whole period it spent 148% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rightfully Sewn Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Workforce Development Board of Western Mo Inc ($1.3m), The Legacy Center Community Development Corporation ($1.3m) and 21st Century Partnership Foundation Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $82k (5.8% of expenses). Other salaries and wages came to $667k. At year end it held assets of $346k against liabilities of $1.4m, net assets of -$1.1m. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.