Strive Foundation

Analysis

Strive Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Strive Foundation reported income of $1.5m and spending of $1.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $825k to $1.5m (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Strive Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include States 4-H International Exchange Programs ($1.5m), Step Higher Inc ($1.5m) and Rogue Valley Mentoring ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $132k (12% of expenses). Other salaries and wages came to $536k. At year end it held assets of $3.5m against liabilities of $2,070, net assets of $3.5m.