Dress For Success River Cities Inc
Dress For Success River Cities Inc consistently operates with 0% officer compensation, maintaining stable finances despite occasional operational deficits.
EIN: 205592955 · Huntington, WV · NTEE: J20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $221K |
| Program Spending | 85% |
| Net Assets | $79K |
| Transparency Score | 90/100 |
Is Dress For Success River Cities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dress For Success River Cities Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dress For Success River Cities Inc
Dress For Success River Cities Inc (EIN: 205592955) is a nonprofit organization based in Huntington, WV, classified under NTEE code J20. The organization reported total revenue of $219K and total assets of $50K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dress For Success River Cities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dress For Success River Cities Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $221K |
| Surplus / Deficit | $-11,011 |
| Total Assets | $86K |
| Total Liabilities | $7K |
| Net Assets | $79K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Dress For Success River Cities Inc reported a deficit of $11K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Dress For Success River Cities Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.6% | +14.1% | -11.1% |
| 2022 | -22.2% | +13.0% | -20.7% |
| 2021 | +76.7% | +5.2% | +28.7% |
| 2020 | -46.3% | -10.9% | -24.7% |
| 2019 | +4.5% | +11.1% | +51.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dress For Success River Cities Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Dress For Success River Cities Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for resource allocation to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Dress For Success River Cities Inc's IRS 990 filings:
- Occasional operational deficits where expenses exceed revenue (e.g., 2023, 2022, 2020, 2017, 2016, 2014) could indicate a need for more robust fundraising or expense management.
Strengths
The following positive indicators were identified for Dress For Success River Cities Inc:
- Consistent 0% officer compensation across all filings, maximizing funds for programs.
- Regular and extensive IRS 990 filing history (14 filings), demonstrating strong transparency.
- Stable asset base despite revenue fluctuations, indicating sound financial management.
- Low liabilities, suggesting good fiscal control and minimal debt.
Frequently Asked Questions about Dress For Success River Cities Inc
Is Dress For Success River Cities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dress For Success River Cities Inc (EIN: 205592955) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Dress For Success River Cities Inc spend its money?
Dress For Success River Cities Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dress For Success River Cities Inc tax-deductible?
Dress For Success River Cities Inc is registered as a tax-exempt nonprofit (EIN: 205592955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dress For Success River Cities Inc's spending goes to programs?
Dress For Success River Cities Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dress For Success River Cities Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Dress For Success River Cities Inc is above average for NTEE category J20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dress For Success River Cities Inc located?
Dress For Success River Cities Inc is headquartered in Huntington, West Virginia and files with the IRS under EIN 205592955. It is classified under NTEE code J20.
How many years of IRS 990 filings does Dress For Success River Cities Inc have?
Dress For Success River Cities Inc has 14 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 $219K in total revenue.
Is Dress For Success River Cities Inc a good charity?
Yes, Dress For Success River Cities Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its financial filings are regular, demonstrating transparency, and its asset base is generally stable.
How does Dress For Success River Cities Inc manage its finances given occasional deficits?
While Dress For Success River Cities Inc has experienced periods where expenses exceeded revenue (e.g., 2023 with $221,084 expenses vs. $210,073 revenue), it has maintained a healthy asset base (e.g., $86,371 in 2023) and low liabilities, suggesting it draws from reserves or manages cash flow effectively to cover shortfalls without incurring significant debt.
What is the trend in the organization's revenue?
The organization's revenue has fluctuated but generally remained stable over the past decade, averaging around $200,000 annually. Recent years show revenues of $210,073 (2023), $168,545 (2022), and $216,610 (2021), indicating a consistent ability to attract funding.
Filing History
IRS 990 filing history for Dress For Success River Cities Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Dress For Success River Cities Inc's revenue has grown by 51.1%, moving from $139K to $210K. Total assets decreased by 36.9% over the same period, from $137K to $86K. Total functional expenses rose by 68.5%, from $131K to $221K. In its most recent filing year (2023), Dress For Success River Cities Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $7K in liabilities against $86K in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $221K | $86K | $7K | — | — |
| 2022 | $169K | $194K | $97K | $7K | — | — |
| 2021 | $217K | $171K | $122K | $7K | — | View 990 |
| 2020 | $123K | $163K | $95K | $25K | — | — |
| 2019 | $228K | $183K | $126K | $16K | — | View 990 |
| 2018 | $218K | $165K | $84K | $18K | — | View 990 |
| 2017 | $167K | $187K | $34K | $23K | — | View 990 |
| 2016 | $120K | $167K | $55K | $24K | — | View 990 |
| 2015 | $261K | $258K | $83K | $5K | — | View 990 |
| 2014 | $352K | $364K | $81K | $5K | — | View 990 |
| 2013 | $354K | $332K | $92K | $5K | — | View 990 |
| 2012 | $161K | $163K | $65K | $1K | — | View 990 |
| 2011 | $179K | $160K | $84K | $818 | — | View 990 |
| 2010 | $139K | $131K | $137K | $71K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $221K, and assets of $86K (revenue +24.6% year-over-year).
- 2022: Revenue of $169K, expenses of $194K, and assets of $97K (revenue -22.2% year-over-year).
- 2021: Revenue of $217K, expenses of $171K, and assets of $122K (revenue +76.7% year-over-year).
- 2020: Revenue of $123K, expenses of $163K, and assets of $95K (revenue -46.3% year-over-year).
- 2019: Revenue of $228K, expenses of $183K, and assets of $126K (revenue +4.5% year-over-year).
- 2018: Revenue of $218K, expenses of $165K, and assets of $84K (revenue +30.6% year-over-year).
- 2017: Revenue of $167K, expenses of $187K, and assets of $34K (revenue +39.2% year-over-year).
- 2016: Revenue of $120K, expenses of $167K, and assets of $55K (revenue -53.9% year-over-year).
- 2015: Revenue of $261K, expenses of $258K, and assets of $83K (revenue -25.9% year-over-year).
- 2014: Revenue of $352K, expenses of $364K, and assets of $81K (revenue -0.7% year-over-year).
- 2013: Revenue of $354K, expenses of $332K, and assets of $92K (revenue +119.4% year-over-year).
- 2012: Revenue of $161K, expenses of $163K, and assets of $65K (revenue -10.0% year-over-year).
- 2011: Revenue of $179K, expenses of $160K, and assets of $84K (revenue +29.0% year-over-year).
- 2010: Revenue of $139K, expenses of $131K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dress For Success River Cities Inc:
Data Sources and Methodology
This transparency report for Dress For Success River Cities Inc 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.