Thrive
EIN: 451579003 · Portland, ME
| Metric | Value |
|---|---|
| Total Expenses | $1.0M |
| Net Assets | $144K |
Is Thrive Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrive
Thrive (EIN: 451579003) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrive's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrive is a small nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 57.6%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $987K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-46,346 |
| Total Assets | $175K |
| Total Liabilities | $31K |
| Net Assets | $144K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2017, Thrive reported a deficit of $46K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2017), Thrive's revenue has grown at a compound annual growth rate (CAGR) of 57.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -33.9% | -31.5% | -45.6% |
| 2016 | -1.2% | +1.1% | +4.3% |
| 2015 | +5.4% | +5.2% | -20.3% |
| 2014 | +42.6% | +50.2% | -50.8% |
| 2013 | +22.1% | +22.2% | +254.9% |
AI Analysis Pending
AI enrichment for Thrive has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thrive with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.9%.
Frequently Asked Questions about Thrive
Is Thrive a legitimate charity?
Thrive (EIN: 451579003) is a registered tax-exempt nonprofit based in Maine. It has 7 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Thrive spend its money?
Thrive reported its financials in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Thrive tax-deductible?
Thrive is registered as a tax-exempt nonprofit (EIN: 451579003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thrive located?
Thrive is headquartered in Portland, Maine and files with the IRS under EIN 451579003.
How many years of IRS 990 filings does Thrive have?
Thrive has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Thrive showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Thrive's revenue has grown by 1434.9%, moving from $64K to $987K. Total assets increased by 209.3% over the same period, from $57K to $175K. Total functional expenses rose by 9460.9%, from $11K to $1.0M. In its most recent filing year (2017), Thrive reported a deficit of $46K, with expenses exceeding revenue. The organization holds $31K in liabilities against $175K in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $987K | $1.0M | $175K | $31K | — | View 990 |
| 2016 | $1.5M | $1.5M | $322K | $132K | — | View 990 |
| 2015 | $1.5M | $1.5M | $309K | $104K | — | View 990 |
| 2014 | $1.4M | $1.4M | $387K | $203K | — | View 990 |
| 2013 | $1.0M | $944K | $787K | $620K | — | View 990 |
| 2012 | $824K | $772K | $222K | $117K | — | View 990 |
| 2011 | $64K | $11K | $57K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $987K, expenses of $1.0M, and assets of $175K (revenue -33.9% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $322K (revenue -1.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $309K (revenue +5.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $387K (revenue +42.6% year-over-year).
- 2013: Revenue of $1.0M, expenses of $944K, and assets of $787K (revenue +22.1% year-over-year).
- 2012: Revenue of $824K, expenses of $772K, and assets of $222K (revenue +1181.2% year-over-year).
- 2011: Revenue of $64K, expenses of $11K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thrive:
Data Sources and Methodology
This transparency report for Thrive 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.