Thrive Support & Advocacy Inc
EIN: 42532990 · Marlborough, MA · NTEE: P82Z
Is Thrive Support & Advocacy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrive Support & Advocacy Inc
Thrive Support & Advocacy Inc (EIN: 42532990) is a nonprofit organization based in Marlborough, MA, classified under NTEE code P82Z. The organization reported total revenue of $9.8M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrive Support & Advocacy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrive Support & Advocacy Inc is a mid-size nonprofit that has been operating for 49 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-228,510 |
| Total Assets | $3.4M |
| Total Liabilities | $1.9M |
| Net Assets | $1.5M |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 55.1% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2023, Thrive Support & Advocacy Inc reported a deficit of $229K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 55.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Thrive Support & Advocacy Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +8.9% | +36.5% |
| 2022 | +5.2% | +5.7% | +19.3% |
| 2021 | +27.8% | +11.6% | -5.0% |
| 2020 | +14.6% | +22.1% | +45.5% |
| 2019 | +8.0% | +7.3% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thrive Support & Advocacy Inc 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 Support & Advocacy Inc 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 deficit of $229K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.1%.
Frequently Asked Questions about Thrive Support & Advocacy Inc
Is Thrive Support & Advocacy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrive Support & Advocacy Inc (EIN: 42532990) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thrive Support & Advocacy Inc spend its money?
Detailed spending breakdown data is not yet available for Thrive Support & Advocacy Inc. Check back for updated IRS 990 analysis.
Are donations to Thrive Support & Advocacy Inc tax-deductible?
Thrive Support & Advocacy Inc is registered as a tax-exempt nonprofit (EIN: 42532990). 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 Support & Advocacy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Thrive Support & Advocacy Inc's revenue has grown by 143.7%, moving from $3.1M to $7.5M. Total assets increased by 214.6% over the same period, from $1.1M to $3.4M. Total functional expenses rose by 156.2%, from $3.0M to $7.7M. In its most recent filing year (2023), Thrive Support & Advocacy Inc reported a deficit of $229K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $3.4M in assets (debt-to-asset ratio: 55.1%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $7.7M | $3.4M | $1.9M | — | View 990 |
| 2022 | $7.6M | $7.1M | $2.5M | $738K | — | View 990 |
| 2021 | $7.2M | $6.7M | $2.1M | $863K | — | View 990 |
| 2020 | $5.7M | $6.0M | $2.2M | $1.5M | — | View 990 |
| 2019 | $4.9M | $4.9M | $1.5M | $482K | — | View 990 |
| 2018 | $4.6M | $4.6M | $1.5M | $487K | — | View 990 |
| 2017 | $4.4M | $4.4M | $1.5M | $443K | — | View 990 |
| 2016 | $4.2M | $4.1M | $1.5M | $486K | — | View 990 |
| 2015 | $4.1M | $3.9M | $1.5M | $541K | — | View 990 |
| 2014 | $3.3M | $3.3M | $1.2M | $526K | — | View 990 |
| 2013 | $3.0M | $2.9M | $1.2M | $482K | — | View 990 |
| 2012 | $3.1M | $3.0M | $1.1M | $438K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $7.7M, and assets of $3.4M (revenue -1.7% year-over-year).
- 2022: Revenue of $7.6M, expenses of $7.1M, and assets of $2.5M (revenue +5.2% year-over-year).
- 2021: Revenue of $7.2M, expenses of $6.7M, and assets of $2.1M (revenue +27.8% year-over-year).
- 2020: Revenue of $5.7M, expenses of $6.0M, and assets of $2.2M (revenue +14.6% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.9M, and assets of $1.5M (revenue +8.0% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.6M, and assets of $1.5M (revenue +4.6% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.4M, and assets of $1.5M (revenue +3.9% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.1M, and assets of $1.5M (revenue +1.9% year-over-year).
- 2015: Revenue of $4.1M, expenses of $3.9M, and assets of $1.5M (revenue +23.7% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.3M, and assets of $1.2M (revenue +11.0% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.9M, and assets of $1.2M (revenue -2.1% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.0M, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Thrive Support & Advocacy 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.