Thrive For Change
EIN: 870872533 · Solon, OH · NTEE: E70
Is Thrive For Change Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrive For Change
Thrive For Change (EIN: 870872533) is a nonprofit organization based in Solon, OH, classified under NTEE code E70. The organization reported total revenue of $566K and total assets of $140K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrive For Change's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrive For Change is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 499.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $413K |
| Total Expenses | $358K |
| Surplus / Deficit | +$56K |
| Total Assets | $207K |
| Total Liabilities | $145K |
| Net Assets | $62K |
| Operating Margin | 13.5% |
| Debt-to-Asset Ratio | 70.0% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, Thrive For Change reported a surplus of $56K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 70.0% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Thrive For Change's revenue has grown at a compound annual growth rate (CAGR) of 499.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +499.9% | +489.4% | +164.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thrive For Change 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 For Change 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.0%.
Frequently Asked Questions about Thrive For Change
Is Thrive For Change a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrive For Change (EIN: 870872533) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thrive For Change spend its money?
Detailed spending breakdown data is not yet available for Thrive For Change. Check back for updated IRS 990 analysis.
Are donations to Thrive For Change tax-deductible?
Thrive For Change is registered as a tax-exempt nonprofit (EIN: 870872533). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Thrive For Change showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Thrive For Change's revenue has grown by 499.9%, moving from $69K to $413K. Total assets increased by 164.5% over the same period, from $78K to $207K. Total functional expenses rose by 489.4%, from $61K to $358K. In its most recent filing year (2023), Thrive For Change reported a surplus of $56K, with revenue exceeding expenses. The organization holds $145K in liabilities against $207K in assets (debt-to-asset ratio: 70.0%), resulting in net assets of $62K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $413K | $358K | $207K | $145K | — | — |
| 2022 | $69K | $61K | $78K | $70K | — | View 990 |
Data Sources and Methodology
This transparency report for Thrive For Change 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.