Thrive Foundation

Analysis

Thrive Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in September 2017, 9 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 June 2023, Thrive Foundation reported income of $2.3m and spending of $2.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.3m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Harbor School Corporation ($2.3m), Kind World Inc ($2.3m) and Rivers Edge Academy Charter School ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $90k (3.7% of expenses). Other salaries and wages came to $130k. At year end it held assets of $14.1m against liabilities of $10.4m, net assets of $3.6m. It reported 7 employees.