Thrive Scholars

Analysis

Thrive Scholars is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2014, 12 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 August 2023, Thrive Scholars reported income of $21.3m and spending of $20.1m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.3m to $21.3m (+191%), an average of +31% a year. The sharpest change came in the year to August 2021, when income rose by 108%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Scholars sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Valley Forge Educational Services ($21.3m), The Trustees of Fryeburg Academy ($21.3m) and New School for Child Development a Non-Profit Corp ($21.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.4m (7.2% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $12.5m against liabilities of $3.2m, net assets of $9.3m. It reported 254 employees.