Thrive Ministries Inc

Analysis

Thrive Ministries Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in February 2017, 9 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 Ministries Inc reported income of $706k and spending of $680k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $706k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include Hospice Del Valle Inc ($706k), Pioneer Valley Workers Center Inc ($706k) and Southwest Family Ministries ($706k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $416k. At year end it held assets of $121k against liabilities of $8,260, net assets of $113k. It reported 41 employees.