Thrive Inc

Analysis

Thrive Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 Inc reported income of $1.7m and spending of $2.1m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.7m (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thrive Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MT. Charities of a similar size with the same main cause include Chemung County Child Care Council Inc ($1.7m), Envisioning Access Inc ($1.7m) and Las Americas Immigrant Advocacy Center ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $83k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.6m against liabilities of $129k, net assets of $4.5m. It reported 37 employees.