Thriving United Inc

Analysis

Thriving United Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Thriving United Inc reported income of $3.6m and spending of $3.5m, spending 97% of its income. Across the 4 years on record, from December 2020 to June 2023, income grew from $1.0m to $3.6m (+255%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thriving United Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Empowerment Resource Center Inc ($3.6m), Third Wave Volunteers Inc ($3.6m) and Sara Ann Hester Memorial Home ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $232k (6.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.7m against liabilities of $3.1m, net assets of $631k. It reported 41 employees.