Thrive Inc

Analysis

Thrive Inc is a registered charity in United States, based in Helena, AR. It received its IRS tax-exemption ruling in March 2024, 2 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 August 2023, Thrive Inc reported income of $805k and spending of $522k, leaving 35% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $277k to $805k (+190%), an average of +43% a year. The sharpest change came in the year to August 2023, when income rose by 80%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thrive Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within AR. Charities of a similar size with the same main cause include Adkactionorg Inc ($805k), The Economic Alliance for Michigan ($805k) and Cielo - Community for Innovation Entrepreneurship Leadershp & Oppor ($804k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $521k against liabilities of $2,859, net assets of $518k. It reported 4 employees.