Thrive Wellness And Recovery Inc
Thrive Wellness And Recovery Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 161012469 · Watertown, NY · NTEE: F22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.3M |
| Total Expenses | $11.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $6.2M |
| Transparency Score | 92/100 |
Is Thrive Wellness And Recovery Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thrive Wellness And Recovery Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thrive Wellness And Recovery Inc
Thrive Wellness And Recovery Inc (EIN: 161012469) is a nonprofit organization based in Watertown, NY, classified under NTEE code F22Z. The organization reported total revenue of $18.3M and total assets of $27.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrive Wellness And Recovery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrive Wellness And Recovery Inc is a large nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.3M |
| Total Expenses | $11.8M |
| Surplus / Deficit | +$443K |
| Total Assets | $15.8M |
| Total Liabilities | $9.6M |
| Net Assets | $6.2M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 60.9% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Thrive Wellness And Recovery Inc reported a surplus of $443K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 60.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thrive Wellness And Recovery Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +11.1% | +60.3% |
| 2022 | +0.1% | +16.3% | +8.2% |
| 2021 | +30.0% | +3.5% | +1.8% |
| 2020 | -3.2% | -3.2% | +13.6% |
| 2019 | -4.1% | +10.6% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Thrive Wellness And Recovery Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Thrive Wellness And Recovery Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $443K, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $12 million in annual revenue. This suggests either a volunteer leadership model or that compensation is reported under other expense categories, which would warrant further investigation for complete transparency.
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 Thrive Wellness And Recovery Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may require further clarification on how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Thrive Wellness And Recovery Inc:
- Consistent revenue growth, increasing from $5.2M in 2014 to $12.2M in 2023.
- Significant asset growth, from $7.5M in 2014 to $15.7M in 2023, indicating strong financial management.
- Positive net income in the latest filing period (202312), with revenue exceeding expenses by over $440,000.
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to mission-related activities.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and compliance.
Frequently Asked Questions about Thrive Wellness And Recovery Inc
Is Thrive Wellness And Recovery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrive Wellness And Recovery Inc (EIN: 161012469) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Thrive Wellness And Recovery Inc spend its money?
Thrive Wellness And Recovery Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thrive Wellness And Recovery Inc tax-deductible?
Thrive Wellness And Recovery Inc is registered as a tax-exempt nonprofit (EIN: 161012469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thrive Wellness And Recovery Inc CEO make?
Thrive Wellness And Recovery Inc's highest-compensated officer earns $12 annually. The organization reported $18.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thrive Wellness And Recovery Inc's spending goes to programs?
Thrive Wellness And Recovery Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thrive Wellness And Recovery Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Thrive Wellness And Recovery Inc is above average for NTEE category F22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thrive Wellness And Recovery Inc located?
Thrive Wellness And Recovery Inc is headquartered in Watertown, New York and files with the IRS under EIN 161012469. It is classified under NTEE code F22Z.
How many years of IRS 990 filings does Thrive Wellness And Recovery Inc have?
Thrive Wellness And Recovery Inc 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 $18.3M in total revenue.
Is Thrive Wellness And Recovery Inc a good charity?
Based on the available financial data, Thrive Wellness And Recovery Inc appears to be a good charity. It demonstrates consistent financial growth, manages its expenses effectively, and notably reports 0% officer compensation, suggesting a strong commitment to its mission.
How has Thrive Wellness And Recovery Inc's financial health changed over time?
Thrive Wellness And Recovery Inc has shown significant financial growth over the past decade. Revenue increased from $5,289,652 in 2014 to $12,268,815 in 2023, and assets grew from $7,532,168 to $15,782,341 in the same period, indicating robust expansion and financial stability.
What is the significance of 0% officer compensation?
The reported 0% officer compensation across all filings is highly significant. It suggests that no salaries or benefits are paid to officers, which can indicate a volunteer-led executive team or that compensation is categorized differently. This practice, if accurate, maximizes funds available for programmatic activities.
Filing History
IRS 990 filing history for Thrive Wellness And Recovery Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thrive Wellness And Recovery Inc's revenue has grown by 170.8%, moving from $4.5M to $12.3M. Total assets increased by 113.3% over the same period, from $7.4M to $15.8M. Total functional expenses rose by 159.1%, from $4.6M to $11.8M. In its most recent filing year (2023), Thrive Wellness And Recovery Inc reported a surplus of $443K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $15.8M in assets (debt-to-asset ratio: 60.9%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.3M | $11.8M | $15.8M | $9.6M | — | — |
| 2022 | $10.4M | $10.6M | $9.8M | $4.4M | — | View 990 |
| 2021 | $10.4M | $9.2M | $9.1M | $3.6M | — | View 990 |
| 2020 | $8.0M | $8.8M | $8.9M | $3.9M | — | View 990 |
| 2019 | $8.3M | $9.1M | $7.9M | $3.4M | — | View 990 |
| 2018 | $8.6M | $8.3M | $8.6M | $3.6M | — | View 990 |
| 2017 | $6.4M | $6.8M | $7.8M | $3.4M | — | — |
| 2016 | $6.0M | $6.0M | $8.4M | $3.9M | — | View 990 |
| 2015 | $5.9M | $5.6M | $8.1M | $4.0M | — | View 990 |
| 2014 | $5.3M | $5.4M | $7.5M | $4.1M | — | View 990 |
| 2013 | $5.1M | $5.1M | $7.5M | $4.3M | — | View 990 |
| 2012 | $4.4M | $4.6M | $7.3M | $4.4M | — | View 990 |
| 2011 | $4.5M | $4.6M | $7.4M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.3M, expenses of $11.8M, and assets of $15.8M (revenue +17.5% year-over-year).
- 2022: Revenue of $10.4M, expenses of $10.6M, and assets of $9.8M (revenue +0.1% year-over-year).
- 2021: Revenue of $10.4M, expenses of $9.2M, and assets of $9.1M (revenue +30.0% year-over-year).
- 2020: Revenue of $8.0M, expenses of $8.8M, and assets of $8.9M (revenue -3.2% year-over-year).
- 2019: Revenue of $8.3M, expenses of $9.1M, and assets of $7.9M (revenue -4.1% year-over-year).
- 2018: Revenue of $8.6M, expenses of $8.3M, and assets of $8.6M (revenue +35.0% year-over-year).
- 2017: Revenue of $6.4M, expenses of $6.8M, and assets of $7.8M (revenue +6.0% year-over-year).
- 2016: Revenue of $6.0M, expenses of $6.0M, and assets of $8.4M (revenue +2.7% year-over-year).
- 2015: Revenue of $5.9M, expenses of $5.6M, and assets of $8.1M (revenue +11.2% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.4M, and assets of $7.5M (revenue +4.0% year-over-year).
- 2013: Revenue of $5.1M, expenses of $5.1M, and assets of $7.5M (revenue +14.9% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.6M, and assets of $7.3M (revenue -2.3% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.6M, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thrive Wellness And Recovery Inc:
Data Sources and Methodology
This transparency report for Thrive Wellness And Recovery 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.