Strive Incorporated

Analysis

Strive Incorporated is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Strive Incorporated reported income of $1.9m and spending of $1.9m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $1.9m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Strive Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Regional Accelerator & Innovation Network ($1.9m), Job Opportunities Task Force Inc ($1.9m) and Solidara a Teamsters Organization ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $89k (4.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.7m against liabilities of $129k, net assets of $3.6m. It reported 79 employees.