Upward Thrive Academy Incorporated

Analysis

Upward Thrive Academy Incorporated is a registered charity in United States, based in Waldorf, MD. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 July 2024, Upward Thrive Academy Incorporated reported income of $200k and spending of $186k, spending 93% of its income. Across the 3 years on record, from July 2022 to July 2024, income grew from $117k to $200k (+70%), an average of +30% a year. The sharpest change came in the year to July 2023, when income rose by 67%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upward Thrive Academy Incorporated sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include American Catholic Press ($200k), Investor Choice Advocates Network ($200k) and Freetown Lakeville Athletic Association Inc ($200k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 68% and program service revenue 18% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.