Dress for Success Seattle

Analysis

Dress for Success Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1998, 28 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 Seattle reported income of $726k and spending of $705k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $961k to $726k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 91% 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 Seattle sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($725k), Wrote Inc ($726k) and Mantua and Powelton Alliance ($725k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $122k (17% of expenses). Other salaries and wages came to $243k. It paid $29k in professional fundraising fees. At year end it held assets of $583k against liabilities of $67k, net assets of $517k. It reported 6 employees.