Thrive on Network

Analysis

Thrive on Network is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in November 2022, 4 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 2022, Thrive on Network reported income of $192k and spending of $152k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $214k to $192k (-10%), an average of -10% a year. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thrive on Network sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Federation Employment and Guidance Service Inc ($192k), Enterprise Group Community Ventures Corporation ($192k) and Lemmon Area Charitable and Economic Development Corporation ($192k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.