Thrive Network

Analysis

Thrive Network is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Network reported income of $233k and spending of $240k, spending 103% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $258k to $233k (-9.6%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Network sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CO. Charities of a similar size with the same main cause include Plumbers & Steamfitters Local 568 Apprenticeship & Journeyment Train ($233k), Ashmont Nursery School Inc ($233k) and California Rainbow for Girls Foundation Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (28% of expenses). Other salaries and wages came to $55k. At year end it held assets of $159k against liabilities of $2,868, net assets of $156k. It reported 2 employees.