Thrive Memphis

Analysis

Thrive Memphis is a registered charity in United States, based in Memphis, TN. 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 2023, Thrive Memphis reported income of $547k and spending of $503k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $547k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Memphis sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Wabash County Lighthouse Missions Inc ($547k), Rescyou Group ($547k) and Full Filled Project Inc ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $89k (18% of expenses). Other salaries and wages came to $238k. At year end it held assets of $428k against liabilities of $2,037, net assets of $425k. It reported 21 employees.