Opportunity Thrive Inc

Analysis

Opportunity Thrive Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Opportunity Thrive Inc reported income of $301k and spending of $241k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $248k to $301k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Opportunity Thrive Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Lanier Library Assn Inc ($301k), Catharine Blaine Parent-Teacher Association ($301k) and Sam Academy ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $57k (23% of expenses). Other salaries and wages came to $47k. At year end it held assets of $115k against liabilities of $913, net assets of $114k. It reported 2 employees.