Thrive DC

Analysis

Thrive DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover food, agriculture and nutrition, 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 DC reported income of $2.4m and spending of $2.9m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.4m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive DC 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 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Sooiekidz Non Profit ($2.4m), Guilford Center for Children Inc ($2.4m) and Fairfield Care ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $137k (4.7% of expenses). Other salaries and wages came to $918k. At year end it held assets of $1.9m against liabilities of $188k, net assets of $1.7m. It reported 20 employees.