Thrive Family Resource Center

Analysis

Thrive Family Resource Center is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thrive Family Resource Center reported income of $867k and spending of $980k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $851k to $867k (+1.9%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Family Resource Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Kairos Youth Services ($867k), Washington County Healthy Living Association ($867k) and Deborahs Little Shepherds ($867k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $677k. At year end it held assets of $274k against liabilities of $60k, net assets of $213k. It reported 25 employees.