Thrive Sports

Analysis

Thrive Sports is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Thrive Sports reported income of $139k and spending of $143k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $139k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Thrive Sports sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Custer County Fair Assocation ($139k), Ocean Kids Inc ($139k) and Exposure Project Incorporated ($139k).

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 $25k (18% of expenses). Other salaries and wages came to $37k. At year end it held assets of $17k against liabilities of $0, net assets of $17k.