Dress For Success Memphis
EIN: 621807383 · Memphis, TN · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $228K |
| Net Assets | $231K |
Is Dress For Success Memphis Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Dress For Success Memphis
Dress For Success Memphis (EIN: 621807383) is a nonprofit organization based in Memphis, TN, classified under NTEE code P50. The organization reported total revenue of $215K and total assets of $165K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dress For Success Memphis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dress For Success Memphis is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $220K |
| Total Expenses | $228K |
| Surplus / Deficit | $-7,992 |
| Total Assets | $231K |
| Net Assets | $231K |
| Operating Margin | -3.6% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, Dress For Success Memphis reported a deficit of $8K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Dress For Success Memphis's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | +12.9% | -3.3% |
| 2022 | -5.0% | +71.1% | -12.3% |
| 2021 | +29.8% | +14.5% | +59.5% |
| 2019 | +182.7% | +30.3% | +127.7% |
| 2018 | +8.4% | +7.4% | -10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Dress For Success Memphis has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dress For Success Memphis with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Frequently Asked Questions about Dress For Success Memphis
Is Dress For Success Memphis a legitimate charity?
Based on AI analysis of IRS 990 filings, Dress For Success Memphis (EIN: 621807383) insufficient data. 0 red flags identified, 0 strengths noted.
How does Dress For Success Memphis spend its money?
Detailed spending breakdown data is not yet available for Dress For Success Memphis. Check back for updated IRS 990 analysis.
Are donations to Dress For Success Memphis tax-deductible?
Dress For Success Memphis is registered as a tax-exempt nonprofit (EIN: 621807383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Dress For Success Memphis located?
Dress For Success Memphis is headquartered in Memphis, Tennessee and files with the IRS under EIN 621807383. It is classified under NTEE code P50.
How many years of IRS 990 filings does Dress For Success Memphis have?
Dress For Success Memphis has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $215K in total revenue.
Filing History
IRS 990 filing history for Dress For Success Memphis showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Dress For Success Memphis's revenue has grown by 40%, moving from $157K to $220K. Total assets increased by 159.8% over the same period, from $89K to $231K. Total functional expenses rose by 59.3%, from $143K to $228K. In its most recent filing year (2023), Dress For Success Memphis reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $220K | $228K | $231K | $0 | — | — |
| 2022 | $246K | $202K | $239K | $0 | — | View 990 |
| 2021 | $258K | $118K | $273K | $0 | — | View 990 |
| 2019 | $199K | $103K | $171K | $0 | — | View 990 |
| 2018 | $70K | $79K | $75K | $0 | — | View 990 |
| 2017 | $65K | $74K | $84K | $0 | — | View 990 |
| 2016 | $95K | $87K | $92K | $0 | — | View 990 |
| 2015 | $87K | $87K | $84K | $0 | — | View 990 |
| 2014 | $74K | $72K | $84K | $0 | — | View 990 |
| 2013 | $70K | $80K | $82K | $0 | — | View 990 |
| 2012 | $75K | $72K | $92K | $0 | — | View 990 |
| 2011 | $157K | $143K | $89K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $220K, expenses of $228K, and assets of $231K (revenue -10.4% year-over-year).
- 2022: Revenue of $246K, expenses of $202K, and assets of $239K (revenue -5.0% year-over-year).
- 2021: Revenue of $258K, expenses of $118K, and assets of $273K (revenue +29.8% year-over-year).
- 2019: Revenue of $199K, expenses of $103K, and assets of $171K (revenue +182.7% year-over-year).
- 2018: Revenue of $70K, expenses of $79K, and assets of $75K (revenue +8.4% year-over-year).
- 2017: Revenue of $65K, expenses of $74K, and assets of $84K (revenue -31.9% year-over-year).
- 2016: Revenue of $95K, expenses of $87K, and assets of $92K (revenue +9.7% year-over-year).
- 2015: Revenue of $87K, expenses of $87K, and assets of $84K (revenue +17.3% year-over-year).
- 2014: Revenue of $74K, expenses of $72K, and assets of $84K (revenue +5.8% year-over-year).
- 2013: Revenue of $70K, expenses of $80K, and assets of $82K (revenue -6.9% year-over-year).
- 2012: Revenue of $75K, expenses of $72K, and assets of $92K (revenue -52.1% year-over-year).
- 2011: Revenue of $157K, expenses of $143K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dress For Success Memphis:
Data Sources and Methodology
This transparency report for Dress For Success Memphis is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.