Thrive-Gulu Inc

Analysis

Thrive-Gulu Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in May 2010, 16 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-Gulu Inc reported income of $439k and spending of $392k, spending 89% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $468k to $439k (-6.1%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive-Gulu Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include New Kids Production & Design Inc ($439k), Katies House Incorporated ($439k) and Family Promise Rochester ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $70k. At year end it held assets of $162k against liabilities of $14k, net assets of $148k. It reported 2 employees.