Strive International Inc

Analysis

Strive International Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Strive International Inc reported income of $18.7m and spending of $12.5m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.2m to $18.7m (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Strive International Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Abilene Goodwill Industries Inc ($18.7m), Community Action Committee of Cape Cod & Islands Inc ($18.8m) and Edwards Center Inc ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $640k (5.1% of expenses). Other salaries and wages came to $4.8m. It paid $29k in professional fundraising fees. At year end it held assets of $17.2m against liabilities of $7.6m, net assets of $9.5m. It reported 113 employees.