Families Thrive Inc
Families Thrive Inc. shows fluctuating revenue and expenses, with a recent deficit, but maintains zero officer compensation.
EIN: 161047933 · Rochester, NY · NTEE: P31Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $866K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Families Thrive Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Families Thrive Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Families Thrive Inc
Families Thrive Inc (EIN: 161047933) is a nonprofit organization based in Rochester, NY, classified under NTEE code P31Z. The organization reported total revenue of $2.0M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Families Thrive Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Families Thrive Inc is a mid-size nonprofit that has been operating for 51 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $778K |
| Total Expenses | $866K |
| Surplus / Deficit | $-88,189 |
| Total Assets | $1.4M |
| Total Liabilities | $209K |
| Net Assets | $1.2M |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 19.6 months |
Financial Health Grade: B
In 2023, Families Thrive Inc reported a deficit of $88K with expenses exceeding revenue, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Families Thrive Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.1% | +36.0% | +2.7% |
| 2022 | +354.1% | +13.7% | +219.7% |
| 2021 | +14.4% | +7.3% | -11.9% |
| 2020 | -29.6% | -13.5% | -25.1% |
| 2019 | +3.7% | +18.9% | -19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Families Thrive Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Families Thrive Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization of its size with assets over $1.5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Families Thrive Inc's IRS 990 filings:
- Significant revenue and expense fluctuations year-over-year, such as the drop from $1,693,083 revenue in 202203 to $777,921 in 202303.
- Operating at a deficit in the most recent reported period (202303: Expenses $866,110 > Revenue $777,921).
Strengths
The following positive indicators were identified for Families Thrive Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Significant growth in assets over time, from $430,563 in 202103 to $1,573,531 currently, enhancing long-term stability.
- Relatively low liabilities compared to assets, demonstrating good financial management.
Frequently Asked Questions about Families Thrive Inc
Is Families Thrive Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Families Thrive Inc (EIN: 161047933) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Families Thrive Inc spend its money?
Families Thrive Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Families Thrive Inc tax-deductible?
Families Thrive Inc is registered as a tax-exempt nonprofit (EIN: 161047933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Families Thrive Inc CEO make?
Families Thrive Inc's highest-compensated officer earns $1.5 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Families Thrive Inc's spending goes to programs?
Families Thrive Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Families Thrive Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Families Thrive Inc is above average for NTEE category P31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Families Thrive Inc located?
Families Thrive Inc is headquartered in Rochester, New York and files with the IRS under EIN 161047933. It is classified under NTEE code P31Z.
How many years of IRS 990 filings does Families Thrive Inc have?
Families Thrive Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
Is Families Thrive Inc. financially stable given the fluctuating revenue?
While the organization has grown its assets to $1,573,531, the significant swings in annual revenue and the deficit in the 202303 period ($777,921 revenue vs. $866,110 expenses) suggest potential instability in its operational funding. Further analysis of funding sources and expense management strategies would be beneficial.
What is the reason for 0% officer compensation?
The consistent reporting of 0% officer compensation across all 12 filings indicates that the organization's officers are either volunteers or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation directly to the mission.
How does the organization manage its liabilities?
Families Thrive Inc. has generally maintained low liabilities relative to its assets. For example, in 202303, liabilities were $208,645 against assets of $1,414,109, indicating a healthy balance sheet and responsible debt management.
Filing History
IRS 990 filing history for Families Thrive Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Families Thrive Inc's revenue has grown by 106.7%, moving from $376K to $778K. Total assets increased by 38.1% over the same period, from $1.0M to $1.4M. Total functional expenses rose by 91.1%, from $453K to $866K. In its most recent filing year (2023), Families Thrive Inc reported a deficit of $88K, with expenses exceeding revenue. The organization holds $209K in liabilities against $1.4M in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $778K | $866K | $1.4M | $209K | — | View 990 |
| 2022 | $1.7M | $637K | $1.4M | $60K | — | View 990 |
| 2021 | $373K | $560K | $431K | $154K | — | View 990 |
| 2020 | $326K | $522K | $489K | $39K | — | View 990 |
| 2019 | $463K | $603K | $652K | $19K | — | View 990 |
| 2018 | $446K | $507K | $809K | $43K | — | View 990 |
| 2017 | $198K | $457K | $852K | $36K | — | View 990 |
| 2016 | $308K | $477K | $1.0M | $41K | — | View 990 |
| 2015 | $829K | $429K | $1.2M | $46K | — | View 990 |
| 2014 | $270K | $452K | $945K | $107K | — | View 990 |
| 2013 | $602K | $455K | $1.1M | $122K | — | View 990 |
| 2012 | $376K | $453K | $1.0M | $148K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $778K, expenses of $866K, and assets of $1.4M (revenue -54.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $637K, and assets of $1.4M (revenue +354.1% year-over-year).
- 2021: Revenue of $373K, expenses of $560K, and assets of $431K (revenue +14.4% year-over-year).
- 2020: Revenue of $326K, expenses of $522K, and assets of $489K (revenue -29.6% year-over-year).
- 2019: Revenue of $463K, expenses of $603K, and assets of $652K (revenue +3.7% year-over-year).
- 2018: Revenue of $446K, expenses of $507K, and assets of $809K (revenue +125.1% year-over-year).
- 2017: Revenue of $198K, expenses of $457K, and assets of $852K (revenue -35.6% year-over-year).
- 2016: Revenue of $308K, expenses of $477K, and assets of $1.0M (revenue -62.9% year-over-year).
- 2015: Revenue of $829K, expenses of $429K, and assets of $1.2M (revenue +207.5% year-over-year).
- 2014: Revenue of $270K, expenses of $452K, and assets of $945K (revenue -55.2% year-over-year).
- 2013: Revenue of $602K, expenses of $455K, and assets of $1.1M (revenue +60.0% year-over-year).
- 2012: Revenue of $376K, expenses of $453K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Families Thrive Inc:
Data Sources and Methodology
This transparency report for Families Thrive Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.