Thrive-Wise

Analysis

Thrive-Wise is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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-Wise reported income of $146k and spending of $161k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $146k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thrive-Wise sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Americana Music Academy Inc ($146k), Museum of Ashe County History Inc ($146k) and Meadow Lakes Forum Inc ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. At year end it held assets of $160k against liabilities of $68k, net assets of $92k.