Thrive Adventures

Analysis

Thrive Adventures is a registered charity in United States, based in Mount Desert, ME. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Thrive Adventures reported income of $494k and spending of $447k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $318k to $494k (+55%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thrive Adventures sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Legacy Disciple ($494k), Chestnut Hill Foundation Inc ($494k) and Every Man a Warrior Inc ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $127k (28% of expenses). Other salaries and wages came to $182k. At year end it held assets of $288k against liabilities of $0, net assets of $288k. It reported 9 employees.