Thrive Ministries

Charity Navigator Rating: Needs Improvement

Thrive Ministries, operating as Thrive Childcare, received a two-star rating from Charity Navigator, indicating a need for improvement in its operations. The organization scored 66%, which reflects a mixed performance in accountability and financial management. While it boasts 100% independent board members, which is a strong organizational strength, it lacks financial statements that are critical for transparency.

The nonprofit has shown a commitment to governance by having established various policies, including conflict of interest and whistleblower policies, which are all listed and compliant. Furthermore, Thrive Childcare has maintained a high program expense ratio of 90.97%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. However, the liabilities to assets ratio of 80.31% raises concerns about financial stability and sustainability.

Overall, while Thrive Ministries demonstrates a strong governance structure and effective program expenditure, the absence of financial transparency and the high liabilities indicate areas that require urgent attention to enhance the organization's overall effectiveness and trustworthiness.

This AI summary has been generated from information found on Charity Navigator.

Thrive Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrive Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $66,687
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,525,043

For more financial information, click here

Official website here: www.thrivechildcare.org