Thrive Memphis
EIN: 262223237 · Memphis, TN · NTEE: P71
| Metric | Value |
|---|---|
| Total Revenue | $444K |
| Total Expenses | $503K |
| Net Assets | $425K |
Is Thrive Memphis Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrive Memphis
Thrive Memphis (EIN: 262223237) is a nonprofit organization based in Memphis, TN, classified under NTEE code P71. The organization reported total revenue of $444K and total assets of $397K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrive Memphis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrive Memphis is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $547K |
| Total Expenses | $503K |
| Surplus / Deficit | +$44K |
| Total Assets | $428K |
| Total Liabilities | $2K |
| Net Assets | $425K |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Thrive Memphis reported a surplus of $44K with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thrive Memphis's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.3% | +11.4% | +10.0% |
| 2022 | -7.9% | +35.2% | +1.1% |
| 2021 | +39.2% | -2.6% | +75.3% |
| 2020 | -10.2% | -23.5% | +13.6% |
| 2019 | +7.3% | +2.6% | -19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thrive Memphis 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 Memphis 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 $44K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Thrive Memphis
Is Thrive Memphis a legitimate charity?
Thrive Memphis (EIN: 262223237) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $444K. No red flags identified. Financial health grade: A.
How does Thrive Memphis spend its money?
Thrive Memphis reported $444K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Thrive Memphis tax-deductible?
Thrive Memphis is registered as a tax-exempt nonprofit (EIN: 262223237). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thrive Memphis located?
Thrive Memphis is headquartered in Memphis, Tennessee and files with the IRS under EIN 262223237. It is classified under NTEE code P71.
How many years of IRS 990 filings does Thrive Memphis have?
Thrive Memphis has 13 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 $444K in total revenue.
Filing History
IRS 990 filing history for Thrive Memphis showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thrive Memphis's revenue has declined by 47.4%, moving from $1.0M to $547K. Total assets decreased by 41.4% over the same period, from $729K to $428K. Total functional expenses rose by 28.2%, from $392K to $503K. In its most recent filing year (2023), Thrive Memphis reported a surplus of $44K, with revenue exceeding expenses. The organization holds $2K in liabilities against $428K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $425K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $547K | $503K | $428K | $2K | — | — |
| 2022 | $462K | $451K | $389K | $7K | — | View 990 |
| 2021 | $502K | $334K | $384K | $12K | — | View 990 |
| 2020 | $360K | $343K | $219K | $14K | — | View 990 |
| 2019 | $401K | $448K | $193K | $6K | — | View 990 |
| 2018 | $374K | $436K | $239K | $5K | — | View 990 |
| 2017 | $473K | $438K | $302K | $5K | — | — |
| 2016 | $479K | $477K | $265K | $3K | — | View 990 |
| 2015 | $443K | $477K | $263K | $3K | — | View 990 |
| 2014 | $339K | $462K | $294K | $62 | — | View 990 |
| 2013 | $369K | $481K | $426K | $9K | — | View 990 |
| 2012 | $306K | $500K | $534K | $5K | — | View 990 |
| 2011 | $1.0M | $392K | $729K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $547K, expenses of $503K, and assets of $428K (revenue +18.3% year-over-year).
- 2022: Revenue of $462K, expenses of $451K, and assets of $389K (revenue -7.9% year-over-year).
- 2021: Revenue of $502K, expenses of $334K, and assets of $384K (revenue +39.2% year-over-year).
- 2020: Revenue of $360K, expenses of $343K, and assets of $219K (revenue -10.2% year-over-year).
- 2019: Revenue of $401K, expenses of $448K, and assets of $193K (revenue +7.3% year-over-year).
- 2018: Revenue of $374K, expenses of $436K, and assets of $239K (revenue -20.9% year-over-year).
- 2017: Revenue of $473K, expenses of $438K, and assets of $302K (revenue -1.4% year-over-year).
- 2016: Revenue of $479K, expenses of $477K, and assets of $265K (revenue +8.2% year-over-year).
- 2015: Revenue of $443K, expenses of $477K, and assets of $263K (revenue +30.8% year-over-year).
- 2014: Revenue of $339K, expenses of $462K, and assets of $294K (revenue -8.1% year-over-year).
- 2013: Revenue of $369K, expenses of $481K, and assets of $426K (revenue +20.3% year-over-year).
- 2012: Revenue of $306K, expenses of $500K, and assets of $534K (revenue -70.5% year-over-year).
- 2011: Revenue of $1.0M, expenses of $392K, and assets of $729K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thrive Memphis:
Data Sources and Methodology
This transparency report for Thrive Memphis 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.