Thrive Ministry

Analysis

Thrive Ministry is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in August 1999, 27 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 Ministry reported income of $1.1m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thrive Ministry sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Shedry Dar Foundation ($1.1m), Embrace the Truth ($1.1m) and Baptist Missionary Loan Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $220k (19% of expenses). Other salaries and wages came to $346k. At year end it held assets of $240k against liabilities of $18k, net assets of $221k. It reported 12 employees.