Thrive New Orleans

Analysis

Thrive New Orleans is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 2008, 18 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 December 2022, Thrive New Orleans reported income of $2.9m and spending of $3.3m, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $914k to $2.9m (+221%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive New Orleans sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Faithfully Organizing Resources for Community Empowerment Detroit ($2.9m), Womenshelter of Long Beach ($2.9m) and Resilience Advocates for Ending Violence ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.6m against liabilities of $2.1m, net assets of $552k. It reported 34 employees.