Thrive Community Building

Analysis

Thrive Community Building is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Thrive Community Building reported income of $379k and spending of $456k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $19k to $379k (+1938%), an average of +173% a year. The sharpest change came in the year to June 2022, when income rose by 588%. Over the whole period it spent 206% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Community Building sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Abilene High School Booster Club ($378k), Plumas Christian School Inc ($379k) and Gan Ephraim Inc ($378k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $169k against liabilities of $148k, net assets of $22k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.