Thrive Support & Advocacy Inc

Analysis

Thrive Support & Advocacy Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in March 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thrive Support & Advocacy Inc reported income of $7.5m and spending of $7.7m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.7m to $7.5m (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Support & Advocacy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Young Mens Christian Association of Northwest Florida Inc ($7.5m), Touch-Stone Solutions Inc ($7.5m) and Child Welfare Innovation Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $271k (3.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $3.4m against liabilities of $1.9m, net assets of $1.5m. It reported 231 employees.