Thrive

Analysis

Thrive is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thrive reported income of $316k and spending of $329k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $316k (+15%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive 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 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Bemorecaring Inc ($316k), Big Sur Food & Wine Foundation Inc ($316k) and Howard County Junior Livestock Association ($316k).

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 $72k (22% of expenses). At year end it held assets of $134k against liabilities of $25k, net assets of $109k.