Thrive 360 Ministries Inc

Analysis

Thrive 360 Ministries Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 360 Ministries Inc reported income of $115k and spending of $218k, spending 190% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $215k to $115k (-47%), an average of -47% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrive 360 Ministries Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Workers Education Society NFP ($115k), Acts 4 Others ($115k) and United Partners - Pflugerville ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k.