Thrive Educational Services

Analysis

Thrive Educational Services is a registered charity in United States, based in Lovejoy, GA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Educational Services reported income of $538k and spending of $479k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $538k (+429%), an average of +429% a year. The sharpest change came in the year to December 2023, when income rose by 429%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive Educational Services sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Emporia Christian School Inc ($538k), Readiness to Learn ($538k) and Princeton Project 55 Inc ($538k).

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 $88k (18% of expenses). Other salaries and wages came to $96k. At year end it held assets of $69k against liabilities of -$3,918, net assets of $73k.