Thrive Ministry Inc

Analysis

Thrive Ministry Inc is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in April 2019, 7 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 2023, Thrive Ministry Inc reported income of $123k and spending of $123k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $272k to $123k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive Ministry Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include Ulu Mau Puanui ($123k), Daya Foundation ($123k) and Seniors First Foundation Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $43k (35% of expenses). At year end it held assets of $77k against liabilities of $0, net assets of $77k. It reported 1 employees.