Playthrive

Analysis

Playthrive is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Playthrive reported income of $953k and spending of $748k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $335k to $953k (+185%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Playthrive 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 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Boys and Girls Club of Central Wyoming Endowment Foundation Inc ($952k), Youth Together Inc ($953k) and Bridging Bionics Foundation ($952k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $61k (8.1% of expenses). Other salaries and wages came to $455k. At year end it held assets of $432k against liabilities of $5,311, net assets of $426k. It reported 17 employees.