Thrive Teen Centers Inc

Analysis

Thrive Teen Centers Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Thrive Teen Centers Inc reported income of $56k and spending of $35k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $100k to $56k (-44%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 2576%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Teen Centers Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Catholic Engaged Encounter of Washington ($56k), Ottawa Community Partnership Inc ($56k) and Prospect Hill Community Foundation Inc ($56k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.