Families Thrive Inc

Analysis

Families Thrive Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1975, 51 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 March 2023, Families Thrive Inc reported income of $778k and spending of $866k, spending 111% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $326k to $778k (+139%), an average of +34% a year. The sharpest change came in the year to March 2022, when income rose by 354%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families Thrive Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Tacoma Area Coalition of Individuals with Disabilities ($778k), Catherines Childrens Home ($778k) and Womens Center of Brazoria County Inc ($778k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $93k (11% of expenses). Other salaries and wages came to $339k. At year end it held assets of $1.4m against liabilities of $209k, net assets of $1.2m. It reported 11 employees.