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Connecticut · Nonprofit

SAVE A SUIT

SAVE A SUIT (Connecticut) receives grants from 11 organizations whose IRS filings report $52,694 to it, the largest being THE HOMETOWN FOUNDATION INC ($20,000). 4 of them have funded it in more than one year.

Revenue FY2024
$321k
Funders on record
11
Grants received
$53k
Net assets
$275k
4/11 repeat funderspeak grant-dependency 7%
01What it does

What Save a Suit does

Mission

Provides veterans and transitioning service members with business suits, professional attire, and other clothing resources they need to achieve job security.

As stated on its FY2024 Form 990.

Program

  1. Suiting up veterans and transitioning service members.

    $325,756 spentof which $69,600 as grants
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $325,756.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.1M) Expenses 100 ($945k) Net assets 100 ($948k)2018 Revenue 20 ($220k) Expenses 34 ($320k) Net assets 31 ($294k)2019 Revenue 12 ($128k) Expenses 25 ($234k) Net assets 20 ($188k)2020 Revenue 10 ($107k) Expenses 25 ($233k) Net assets 7 ($62k)2021 Revenue 57 ($632k) Expenses 56 ($531k) Net assets 17 ($163k)2022 Revenue 19 ($210k) Expenses 23 ($219k) Net assets 16 ($153k)2023 Revenue 40 ($437k) Expenses 37 ($350k) Net assets 25 ($240k)2024 Revenue 29 ($321k) Expenses 30 ($286k) Net assets 29 ($275k)
'17'18'19'20'21'22'23'24
Revenue (29)Expenses (30)Net assets (29)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $962k to $307k (−68%).

$962k
$307k
$202k
$161k
$325k
$292k
$389k
$421k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

175% of SAVE A SUIT’s revenue is contributions — more reliant on donations than three-quarters of its peers (54% for the typical peer).

This organization
Typical peer · 2,338 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.

$155k
’17
−$99k
’18
−$106k
’19
−$126k
’20
$100k
’21
−$10k
’22
$87k
’23
$35k
’24
0.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Scott Sokolowski

Chairman

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed44455555
Joined·+0+1+2+1+0+1+0
No longer listed·0111010
03Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 1 funder to 5 funders, grant income rose $500 → $27k.

3 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SAVE A SUIT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SAVE A SUIT leans on a few funders — its largest provides 38% of grant income and the top three 76%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

68% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SAVE A SUIT.

38%
largest funder
76%
top three
~4
effective funders

Largest funder’s share by year: 2018 100% · 2019 100% · 2020 67% · 2021 66% · 2022 84% · 2023 75% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

20% of SAVE A SUIT's funders are still giving 3 years after their first grant; 36% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

84% of SAVE A SUIT's grant income comes from Connecticut funders.

IL
MA
CT
CA
CO

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
Connecticut out of state home

Funder states come from each funder’s own filing. $16k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SAVE A SUIT runs a healthier operating margin than half of the 2,276 employment nonprofits its size.

Operating margin11% · above the median
Months of reserve0.8mo · bottom quartile
Revenue growth (annualized)−16% · bottom quartile

this organization peer median middle 50% of peers· 2,276 employment nonprofits $100k–$1M, FY2024

Organizations like SAVE A SUIT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Connecticut

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for SAVE A SUIT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SAVE A SUIT?
SAVE A SUIT (Connecticut) receives grants from 11 organizations whose IRS filings report $52,694 to it, the largest being THE HOMETOWN FOUNDATION INC ($20,000). 4 of them have funded it in more than one year.
How many funders does SAVE A SUIT have?
IRS filings report 11 organizations giving $52,694 in grants to SAVE A SUIT, 4 of which have funded it in more than one year.
Who is the largest funder of SAVE A SUIT?
THE HOMETOWN FOUNDATION INC is the largest funder on record, with $20,000 in grants. The full list of funders is on this page.
How can an organization like SAVE A SUIT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing