Fashion Relief USA Ltd

Analysis

Fashion Relief USA Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fashion Relief USA Ltd reported income of $480k and spending of $259k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $944k to $480k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fashion Relief USA Ltd sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Volunteer Center of San Gabriel Valley ($480k), American Fund for Athens College in Greece ($480k) and Oak Ridge Public Schools Education Foundation Inc ($480k).

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 $986k against liabilities of $0, net assets of $986k.