Dress For Success Worcester Inc
EIN: 263168663 · Worcester, MA · NTEE: J20
| Metric | Value |
|---|---|
| Total Revenue | $271K |
| Total Expenses | $240K |
| Net Assets | $68K |
Is Dress For Success Worcester Inc 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 Worcester Inc
Dress For Success Worcester Inc (EIN: 263168663) is a nonprofit organization based in Worcester, MA, classified under NTEE code J20. The organization reported total revenue of $271K and total assets of $161K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dress For Success Worcester Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dress For Success Worcester Inc is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $237K |
| Total Expenses | $240K |
| Surplus / Deficit | $-3,015 |
| Total Assets | $255K |
| Total Liabilities | $187K |
| Net Assets | $68K |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 73.3% |
| Months of Reserves | 12.7 months |
Financial Health Grade: C
In 2023, Dress For Success Worcester Inc reported a deficit of $3K with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 73.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Dress For Success Worcester Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | -3.5% | +218.6% |
| 2022 | -24.0% | +13.0% | -45.1% |
| 2021 | +24.0% | +15.2% | +76.7% |
| 2020 | +33.4% | +14.8% | +228.1% |
| 2019 | +38.9% | +19.4% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Dress For Success Worcester Inc 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 Worcester Inc 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.3%.
Frequently Asked Questions about Dress For Success Worcester Inc
Is Dress For Success Worcester Inc a legitimate charity?
Dress For Success Worcester Inc (EIN: 263168663) is a registered tax-exempt nonprofit based in Massachusetts. It has 12 years of IRS 990 filings on record. Total revenue: $271K. No red flags identified. Financial health grade: C.
How does Dress For Success Worcester Inc spend its money?
Dress For Success Worcester Inc reported $271K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Dress For Success Worcester Inc tax-deductible?
Dress For Success Worcester Inc is registered as a tax-exempt nonprofit (EIN: 263168663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Dress For Success Worcester Inc located?
Dress For Success Worcester Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 263168663. It is classified under NTEE code J20.
How many years of IRS 990 filings does Dress For Success Worcester Inc have?
Dress For Success Worcester Inc 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 $271K in total revenue.
Filing History
IRS 990 filing history for Dress For Success Worcester Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Dress For Success Worcester Inc's revenue has grown by 225.2%, moving from $73K to $237K. Total assets increased by 1141.1% over the same period, from $21K to $255K. Total functional expenses rose by 221.7%, from $75K to $240K. In its most recent filing year (2023), Dress For Success Worcester Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $187K in liabilities against $255K in assets (debt-to-asset ratio: 73.3%), resulting in net assets of $68K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $237K | $240K | $255K | $187K | — | View 990 |
| 2022 | $210K | $249K | $80K | $9K | — | View 990 |
| 2021 | $276K | $220K | $146K | $36K | — | View 990 |
| 2020 | $223K | $191K | $83K | $28K | — | View 990 |
| 2019 | $167K | $167K | $25K | $2K | — | View 990 |
| 2018 | $120K | $139K | $23K | $554 | — | View 990 |
| 2017 | $97K | $89K | $49K | $7K | — | View 990 |
| 2016 | $513K | $525K | $20K | $5K | — | View 990 |
| 2015 | $108K | $99K | $30K | $3K | — | View 990 |
| 2014 | $87K | $94K | $30K | $13K | — | View 990 |
| 2013 | $90K | $85K | $26K | $2K | — | View 990 |
| 2012 | $73K | $75K | $21K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $237K, expenses of $240K, and assets of $255K (revenue +13.0% year-over-year).
- 2022: Revenue of $210K, expenses of $249K, and assets of $80K (revenue -24.0% year-over-year).
- 2021: Revenue of $276K, expenses of $220K, and assets of $146K (revenue +24.0% year-over-year).
- 2020: Revenue of $223K, expenses of $191K, and assets of $83K (revenue +33.4% year-over-year).
- 2019: Revenue of $167K, expenses of $167K, and assets of $25K (revenue +38.9% year-over-year).
- 2018: Revenue of $120K, expenses of $139K, and assets of $23K (revenue +23.9% year-over-year).
- 2017: Revenue of $97K, expenses of $89K, and assets of $49K (revenue -81.1% year-over-year).
- 2016: Revenue of $513K, expenses of $525K, and assets of $20K (revenue +374.3% year-over-year).
- 2015: Revenue of $108K, expenses of $99K, and assets of $30K (revenue +23.9% year-over-year).
- 2014: Revenue of $87K, expenses of $94K, and assets of $30K (revenue -3.3% year-over-year).
- 2013: Revenue of $90K, expenses of $85K, and assets of $26K (revenue +23.8% year-over-year).
- 2012: Revenue of $73K, expenses of $75K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dress For Success Worcester Inc:
Data Sources and Methodology
This transparency report for Dress For Success Worcester 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.