Thrive Center Inc

Analysis

Thrive Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, 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 Center Inc reported income of $192k and spending of $305k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $388k to $192k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Pennsylvania American Legion Housing for Homeless Veterans Corp ($192k), Stripes of a Warrior Inc ($192k) and Mind Fitness Center ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (25% of expenses). Other salaries and wages came to $80k. At year end it held assets of $117k against liabilities of $359k, net assets of -$242k. It reported 4 employees.