Save A Suit Inc
Only null% goes to programs Strong reserves Growing revenue
Save A Suit Inc is a 501(c)(3) organization based in Bethel, Connecticut, registered in 2011, with $321,014 in FY2024 revenue. CharityIndex grades it B.
2 Park Lawn Dr Ste C, Bethel, CT, 06801 EIN 27-0863507 Since 2011
Revenue (FY2024)
$321K
▲ 53.0% vs prior year
Employment median: $367K
Expenses (FY2024)
$286K
Net assets
$275K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Save A Suit Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Save A Suit Inc: 12 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Save A Suit Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Save A Suit Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2 Park Lawn Dr Ste C, Bethel, CT, 06801
- City
- Bethel
- State
- Connecticut
- Category
- Employment
- Subcategory
- Employment Preparation & Placement
- Website
- …
Financial trends
Revenue grew from $303K (FY2013) to $321K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $147KNet assets $275K
Operating margin
10.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$421K
Total liabilities
$147K
Net assets
$275K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $321,014▲53.0% | $286,461▲30.5% | $274,570▲79.4% | $421,498▲44.3% | 990 |
| 2022 | $209,794▼66.8% | $219,479▼58.7% | $153,050▼6.0% | $292,169▼10.0% | 990 |
| 2021 | $631,737▲491% | $531,369▲129% | $162,735▲161% | $324,769▲102% | 990 |
| 2020 | $106,835▼16.6% | $232,518▼0.6% | $62,367▼66.8% | $160,700▼20.3% | 990 |
| 2019 | $128,110▼41.8% | $233,986▼26.8% | $188,050▼36.0% | $201,714▼34.3% | 990 |
| 2018 | $220,191▼80.0% | $319,655▼66.2% | $293,926▼69.0% | $307,154▼68.1% | 990 |
| 2017 | $1,100,211▲2.5% | $945,465▲34.6% | $948,375▲19.5% | $962,321▲21.0% | 990 |
| 2016 | $1,073,020▲202% | $702,617▲231% | $793,629▲94.1% | $795,273▲94.5% | 990 |
| 2015 | $354,988▼12.9% | $212,058▲55.3% | $408,933▲53.7% | $408,933▲53.7% | 990 |
| 2014 | $407,601▲34.5% | $136,563▼53.6% | $266,003▲5383% | $266,003▲8871% | 990 |
| 2013 | $303,156 | $294,124 | -$5,035 | $2,965 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5,050 total
1 grant to Save A Suit Inc totaling $5,050, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $5,050 |
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Compare Save A Suit Inc
Frequently asked questions
- Is Save A Suit Inc a legitimate nonprofit?
- Yes. Save A Suit Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-0863507, based in Bethel, Connecticut. Donations are tax-deductible.
- What is Save A Suit Inc's EIN?
- Save A Suit Inc's Employer Identification Number (EIN) is 27-0863507.
- How much revenue does Save A Suit Inc report?
- Save A Suit Inc reported $321,014 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Save A Suit Inc have?
- CharityIndex grades Save A Suit Inc B, based on financial health (reserves and operating margin).
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Data for Save A Suit Inc (EIN 27-0863507) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.