Strivetogether Inc

Analysis

Strivetogether Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Strivetogether Inc reported income of $24.6m and spending of $25.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.2m to $24.6m (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Strivetogether Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Focusing Philanthropy Inc ($24.6m), Providence Little Company of Mary Foundation ($24.6m) and Omni Behavioral Health ($24.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $2.0m (8.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $13.9m against liabilities of $1.3m, net assets of $12.6m. It reported 54 employees.