Thrive Foundation Inc

Analysis

Thrive Foundation Inc is a registered charity in United States, based in Watertown, NY. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Thrive Foundation Inc reported income of $144k and spending of $83k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $144k (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thrive Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Fundacion Rescate N America ($144k), Rotary Club of Sebastopol Foundation Inc ($144k) and Zienzele Foundation ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $1.4m against liabilities of $138k, net assets of $1.2m.