Thrive Academy Atlanta Inc

Analysis

Thrive Academy Atlanta Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thrive Academy Atlanta Inc reported income of $799k and spending of $550k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $127k to $799k (+532%), an average of +85% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Academy Atlanta Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Urban Affairs Association ($799k), Raleigh Nursery School Inc ($799k) and Northeast LA Forest School ($799k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (14% of expenses). Other salaries and wages came to $266k. At year end it held assets of $394k against liabilities of $0, net assets of $394k.