Overview
What is Thrive Ministries Inc?
Thrive Ministries Inc is a nonprofit organization situated in Monroe, Louisiana, with a strong focus on supporting local charities that aid women and children in need. Their primary mission is to assist these charities in their efforts, striving to make a positive impact in their community. With a dedicated workforce of 39 individuals, Thrive Ministries Inc actively works towards this goal, contributing to the betterment of local families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Thrive Ministries Inc has received a 67% score from Charity Navigator, indicating a Two-Star rating. This score reflects their performance in accountability and finance, highlighting some positive aspects of their governance. The organization boasts a fully independent board, with 18 members, scoring maximum points in both the majority independent board members and independent board size criteria. Additionally, they have shown strong financial health with no material diversion of assets and a low liabilities-to-assets ratio, contributing positively to their rating.
The program expense ratio stands at an impressive 90.32%, demonstrating that a significant portion of their expenditures is directed towards their programs rather than administrative costs. This indicates a commitment to their mission and effective use of funds. The documentation of board meeting minutes further showcases their transparency and dedication to accountability.
However, despite these strengths, the overall rating suggests room for improvement in certain areas to enhance their financial accountability. Maintaining high performance in all areas of evaluation will be essential for Thrive Ministries Inc to potentially achieve a higher rating in the future and further build trust with their donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Thrive Ministries Inc legitimate?
Thrive Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thrive Ministries Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $397,297
For more financial information, click here
What is the mission statement of Thrive Ministries Inc?
Thrive Ministries Inc's mission is centered around supporting local charities in their efforts to aid women and children in need. The organization's goal is to contribute to these charities' initiatives, enabling them to provide essential support and assistance to the vulnerable population. By assisting local charities, Thrive Ministries Inc plays a crucial role in strengthening the community's ability to care for its most vulnerable members. The organization's activities are focused on empowering these charities to make a significant impact in the lives of women and children.
Who is the CEO of Thrive Ministries Inc?
Dianne James is the Board Member of Thrive Ministries Inc.
What is the revenue of Thrive Ministries Inc?
Thrive Ministries Inc's revenue in 2022 was $677,599.
Who are the executives of Thrive Ministries Inc and what are their salaries?
The average compensation at Thrive Ministries Inc during 2022 was $10,187. There are 39 employees at Thrive Ministries Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Thrive Ministries Inc?
Thrive Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thrive Ministries Inc
Thrive Ministries Inc is committed to aiding local charities in their efforts to support vulnerable women and children. Their mission is centered around assisting these organizations in providing the necessary aid to those in need. By working collaboratively, Thrive Ministries Inc contributes to the betterment of the lives of women and children, ensuring they receive the help they require. Their purpose is to facilitate and strengthen the capacity of these local charities, ultimately leading to improved living conditions for those they serve.
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Impact
July, 2024
Thrives Ministries Inc is making a significant impact in Monroe, LA by helping local charities assist women and children in need. Their dedicated efforts are contributing towards improving the lives of vulnerable members in the community and providing essential support to those facing difficult circumstances. Through their mission to support human services, Thrive Ministries Inc is playing a vital role in promoting the welfare and well-being of women and children in the local area.
This information is meant to be a general summary of Thrive Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $666,116
- Gross Receipts: $677,599
Assets and Liabilities:
- Total Assets: $94,946
- Total Liabilities: $7,932
- Net Assets: $87,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE
Revenue
$666,116
Organization Details
Phone
(318) 665-2288Principal Officer
Dianne James
Main Address
2208 JUSTICE STREET, MONROE, LA, 71201
NTEE Category
Code: P29 - Human services
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