Thrive Alliance

Analysis

Thrive Alliance is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Thrive Alliance reported income of $486k and spending of $462k, spending 95% of its income. Across the 2 years on record, from June 2020 to June 2021, income grew from $370k to $486k (+31%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thrive Alliance sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Turnover Shop of Wilton Inc ($486k), Pull Up for Change ($487k) and Community Health and Empowerment Through Education and Research Inc ($485k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $120k (26% of expenses). Other salaries and wages came to $222k. At year end it held assets of $209k against liabilities of $106k, net assets of $103k. It reported 2 employees.