Thrive Behavioral Health Inc

Analysis

Thrive Behavioral Health Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Thrive Behavioral Health Inc reported income of $26.3m and spending of $25.1m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $20.5m to $26.3m (+28%), an average of +8.6% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thrive Behavioral Health Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include Greater Watertown Community Health Foundation Inc ($26.3m), Hills and Dales Child Development Center ($26.4m) and The Blood Center ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $761k (3.0% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $14.0m against liabilities of $6.5m, net assets of $7.5m. It reported 405 employees.