Thrive Sequatchie

Analysis

Thrive Sequatchie is a registered charity in United States, based in Dunlap, TN. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Thrive Sequatchie reported income of $92k and spending of $100k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $92k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thrive Sequatchie sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Xerocraft ($92k), Sparta Community Works ($92k) and On Our Own III Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.