The Thriving Cities Group

Analysis

The Thriving Cities Group is a registered charity in United States, based in Elkton, VA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, The Thriving Cities Group reported income of $689k and spending of $807k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $689k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 69%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Thriving Cities Group sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Ballethnic Dance Company Inc ($689k), Annapolis Film Festival Inc ($689k) and Poe Foundation Inc ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Other salaries and wages came to $11k. At year end it held assets of $326k against liabilities of $153, net assets of $326k. It reported 1 employees.