Thrive Wellness and Recovery Inc

Analysis

Thrive Wellness and Recovery Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Thrive Wellness and Recovery Inc reported income of $12.3m and spending of $11.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $12.3m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thrive Wellness and Recovery Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include California Housing Foundation ($12.3m), Pomonok Home Services Inc ($12.3m) and Easter Seals Southern Georgia Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $323k (2.7% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $15.8m against liabilities of $9.6m, net assets of $6.2m. It reported 216 employees.