Thriving Families

Analysis

Thriving Families is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Thriving Families reported income of $1.7m and spending of $1.4m, spending 81% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $211k to $1.7m (+702%), an average of +100% a year. The sharpest change came in the year to September 2021, when income rose by 263%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thriving Families sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include South Portland Food Cupboard ($1.7m), Project Rising Hope ($1.7m) and Childrens Christian Developmentcenters Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $36k (2.6% of expenses). Other salaries and wages came to $650k. At year end it held assets of $1.0m against liabilities of $94k, net assets of $928k. It reported 17 employees.