Thrive Chicago NFP

Analysis

Thrive Chicago NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 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 December 2023, Thrive Chicago NFP reported income of $1.3m and spending of $2.0m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $1.3m (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Chicago NFP sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Minnesota Elder Justice Center ($1.3m), Golf Fore Life Skills ($1.3m) and Developmental Education Services of Monroe County Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $318k (16% of expenses). Other salaries and wages came to $452k. At year end it held assets of $145k against liabilities of $212k, net assets of -$67k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.