Thrive International

Analysis

Thrive International is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 2022, 4 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 International reported income of $2.0m and spending of $1.8m, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.1m to $2.0m (-4.2%), an average of -4.2% a year. 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 International sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Treasures for Hope ($2.0m), Interact Center for the Visual and Performing Arts ($2.0m) and Abused Deaf Womens Advocacy Services ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $96k (5.4% of expenses). Other salaries and wages came to $900k. It paid $18k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $1.1m, net assets of $362k. It reported 28 employees.