Thrive Baton Rouge

Analysis

Thrive Baton Rouge is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Thrive Baton Rouge reported income of $920k and spending of $1.0m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $920k (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Baton Rouge sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Peer Academy ($920k), Sager Classical Academy Corporation ($920k) and Holy Trinity Armenian Pre-School Inc ($920k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $10.5m against liabilities of $10.0m, net assets of $521k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.