Thrive Ministries Inc

Analysis

Thrive Ministries Inc is a registered charity in United States, based in Oregon, OH. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thrive Ministries Inc reported income of $3.0m and spending of $3.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.0m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Willamette Leadership Academy ($3.0m), Association of Collegiate Schools of Architecture Inc ($3.0m) and Maple Street School ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (2.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.6m against liabilities of $4.6m, net assets of $1.1m. It reported 106 employees.