Thrive Global Project Inc

Analysis

Thrive Global Project Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 Global Project Inc reported income of $407k and spending of $379k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $334k to $407k (+22%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thrive Global Project 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 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Charities Review Council of Minnesota Inc ($406k), American Council on Gift Annuities ($407k) and Bikes Blues & Barbeque Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $70k (18% of expenses). Other salaries and wages came to $56k. At year end it held assets of $494k against liabilities of $0, net assets of $494k. It reported 2 employees.