Suits For Success Inc
EIN: 223761833 · Jersey City, NJ · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $232K |
| Total Expenses | $204K |
| Net Assets | $38K |
Is Suits For Success Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Suits For Success Inc
Suits For Success Inc (EIN: 223761833) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code P60. The organization reported total revenue of $232K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Suits For Success Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Suits For Success Inc is a small nonprofit that has been operating for 24 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $204K |
| Surplus / Deficit | +$13K |
| Total Assets | $38K |
| Net Assets | $38K |
| Operating Margin | 5.9% |
| Months of Reserves | 2.2 months |
Financial Health Grade: A
In 2019, Suits For Success Inc reported a surplus of $13K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2011–2019), Suits For Success Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -4.4% | -24.0% | +40.9% |
| 2018 | +7.5% | -29.5% | -69.3% |
| 2017 | -51.3% | -34.9% | -73.3% |
| 2016 | -26.9% | -2.9% | -32.2% |
| 2015 | -12.7% | +1.7% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Suits For Success 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 Suits For Success 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
Frequently Asked Questions about Suits For Success Inc
Is Suits For Success Inc a legitimate charity?
Suits For Success Inc (EIN: 223761833) is a registered tax-exempt nonprofit based in New Jersey. It has 9 years of IRS 990 filings on record. Total revenue: $232K. No red flags identified. Financial health grade: A.
How does Suits For Success Inc spend its money?
Suits For Success Inc reported $232K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Suits For Success Inc tax-deductible?
Suits For Success Inc is registered as a tax-exempt nonprofit (EIN: 223761833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Suits For Success Inc located?
Suits For Success Inc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 223761833. It is classified under NTEE code P60.
How many years of IRS 990 filings does Suits For Success Inc have?
Suits For Success Inc has 9 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 $232K in total revenue.
Filing History
IRS 990 filing history for Suits For Success Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Suits For Success Inc's revenue has declined by 62%, moving from $571K to $217K. Total assets decreased by 92.9% over the same period, from $536K to $38K. Total functional expenses fell by 59.9%, from $509K to $204K. In its most recent filing year (2019), Suits For Success Inc reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $217K | $204K | $38K | $0 | — | View 990 |
| 2018 | $227K | $269K | $27K | $0 | — | View 990 |
| 2017 | $211K | $381K | $88K | $0 | — | View 990 |
| 2016 | $433K | $586K | $328K | $10K | — | View 990 |
| 2015 | $593K | $603K | $484K | $13K | — | View 990 |
| 2014 | $679K | $593K | $485K | $12K | — | View 990 |
| 2013 | $438K | $583K | $400K | $13K | — | View 990 |
| 2012 | $622K | $636K | $673K | $172K | — | View 990 |
| 2011 | $571K | $509K | $536K | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $217K, expenses of $204K, and assets of $38K (revenue -4.4% year-over-year).
- 2018: Revenue of $227K, expenses of $269K, and assets of $27K (revenue +7.5% year-over-year).
- 2017: Revenue of $211K, expenses of $381K, and assets of $88K (revenue -51.3% year-over-year).
- 2016: Revenue of $433K, expenses of $586K, and assets of $328K (revenue -26.9% year-over-year).
- 2015: Revenue of $593K, expenses of $603K, and assets of $484K (revenue -12.7% year-over-year).
- 2014: Revenue of $679K, expenses of $593K, and assets of $485K (revenue +55.0% year-over-year).
- 2013: Revenue of $438K, expenses of $583K, and assets of $400K (revenue -29.5% year-over-year).
- 2012: Revenue of $622K, expenses of $636K, and assets of $673K (revenue +9.0% year-over-year).
- 2011: Revenue of $571K, expenses of $509K, and assets of $536K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Suits For Success Inc:
Data Sources and Methodology
This transparency report for Suits For Success 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.