Expenses frequently exceeded revenue in multiple periods (e.g., 2017, 2018, 2019), indicating unsustainable financial practices.
Current $0 asset balance suggests potential cessation of operations or severe financial distress.
Strengths
Historically managed significant revenue and expenses, indicating capacity for large-scale operations in the past.
No reported officer compensation could indicate a highly volunteer-driven model, though this also raises transparency questions.
Spending Breakdown
How Thrive Washington allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Thrive Washington
Is Thrive Washington a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrive Washington (EIN: 204829769) has notable concerns. Mission Score: 30/100. 5 red flags identified, 2 strengths noted.
Is Thrive Washington a good charity to donate to?
Thrive Washington has a Mission Score of 30/100. Revenue: $1.9M. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thrive Washington?
The Employer Identification Number (EIN) for Thrive Washington is 204829769. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Thrive Washington spend its money?
Thrive Washington allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thrive Washington's tax-exempt status?
You can verify Thrive Washington's tax-exempt status using EIN 204829769 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Thrive Washington has experienced a significant decline in revenue and assets over the past few years. From a peak revenue of $19.6 million in 2016, the organization's latest reported revenue is $1.88 million, representing a substantial contraction. Similarly, assets have plummeted from over $12 million in 2016 to $0 in the latest filing, indicating a potential liquidation or transfer of assets. This drastic change raises concerns about the organization's long-term financial viability and operational stability.
The organization consistently reported zero officer compensation across all available filings, which is unusual for an organization of its former size and could indicate a lack of transparency regarding executive remuneration if compensation was paid through other means or if the organization was entirely volunteer-run at a high level. The consistent reporting of expenses exceeding revenue in several periods, particularly in 2017, 2018, and 2019, further highlights financial challenges and an unsustainable spending pattern during those years. The current $0 asset figure is particularly alarming and warrants further investigation into the organization's current operational status and financial health.
Given the dramatic decrease in financial scale and the $0 assets, the organization's current financial health appears to be in a critical state. While the historical data shows periods of significant activity, the latest figures suggest a substantial winding down or cessation of operations. Without a detailed breakdown of current spending, it's difficult to assess efficiency, but the overall trend points to severe financial distress.