Thrive Economic Development Inc

Analysis

Thrive Economic Development Inc is a registered charity in United States, based in Jefferson, WI. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Thrive Economic Development Inc reported income of $240k and spending of $283k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $283k to $240k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thrive Economic Development Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Southside First Economic Development Council ($240k), Mt Juliet Help Center ($240k) and Rotary Club of Redondo Beach Community Foundation ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.