Thrive Youth Center Inc

Analysis

Thrive Youth Center Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Youth Center Inc reported income of $2.1m and spending of $2.0m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $711k to $2.1m (+195%), an average of +31% a year. The sharpest change came in the year to August 2022, when income rose by 102%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Youth Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Vons Vision Inc ($2.1m), One to Grow on 2 Inc ($2.1m) and Metrocenter Teachers Apartments Inc ($2.1m).

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 $97k (4.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $363k against liabilities of $65k, net assets of $298k. It reported 29 employees.