Thrive Regional Partnership Inc

Analysis

Thrive Regional Partnership Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Thrive Regional Partnership Inc reported income of $843k and spending of $719k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $815k to $843k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thrive Regional Partnership Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Oak Haven Inc ($843k), Sipe Ministries Inc ($843k) and Childrens Museum Guild Inc ($843k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $136k (19% of expenses). Other salaries and wages came to $222k. At year end it held assets of $942k against liabilities of $47k, net assets of $894k. It reported 7 employees.