Thriving Wisconsin Inc

Analysis

Thriving Wisconsin Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Thriving Wisconsin Inc reported income of $20.1m and spending of $20.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.2m to $20.1m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thriving Wisconsin Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Building Service Thomas Shortman Training Scholarship and ($20.1m), Skills USA Inc ($20.2m) and Hoosier Uplands Economic Development Corporation ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $91k (0.5% of expenses). Other salaries and wages came to $877k. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $304k. It reported 27 employees.

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.