Thriving INC EIN 45-2317740 Form 990 (PDF) Claim this org

Thriving INC FY2023 filing

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Trains urban missionaries for global ministry, focusing on justice and serving underserved communities. For fiscal year 2023 it reported $51K in revenue, $17K in expenses, and $46K in net assets.Pt I

Type
Religious organization · Religion
Location
Philadelphia, PA
Website
thrivingfrequency.com
Filings
5 on file (2020–2023)
Revenue
$51KFY2023
Expenses
$17K
Net assets
$46K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-2317740 Religious organization Philadelphia, PA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains urban missionaries for global ministry, focusing on justice and serving underserved communities.
Leadership
Jalaylia Wharwood · Financial Ma · $8K
Money in and out
$51K revenue, $17K expenses
Bottom line
47% program efficiency
Where the money goes · FY2023
Total revenue
$51K
Pt VIII · Ln 12
Total expenses
$17K
Pt IX · Ln 25
Net assets
$46K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $34K
Where spending went · Part IX cols B–D
Program services $0.47 Management & general $0.53
Program efficiency
47%
of spending reaches programs
Operating runway
64.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+66%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$51K
FY2023▲ +541%
Expenses
$17K
FY2023▲ +209%
Total assets
$114K
FY2023▲ +753%
Total liabilities
$67K
FY2023▲ ×67
Total revenue
$51K
Pt VIII · Ln 12
Total expenses
$17K
Pt IX · Ln 25
Net assets
$46K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$34K
Total assetsPt X · Ln 16$114K
Program-expense ratioPt IX · col B47%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThriving INC
EINHdr · item D45-2317740
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jthrivingfrequency.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X90)
Ruling yearIRS BMFMay 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Financial Ma
$8,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director of
$0Pt VII · Sec A

Jalaylia Wharwood’s $8K as Financial Ma is at the 6th percentile of top reported officer pay among 2135 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2020
Jalaylia Wharwood$8,000$8,000
Jalaylia Wharwood$3,333
Dr Eric Mason$2,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $8K of program spending, described in the organization's own filed words · FY2023.
01

The annual 'frequency conference' trains urban leaders on how to engage the culture in light of the many injustices that are growing in the nation.

$8Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$51K
Total revenueLn 12$51K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.47 Management & general $0.53
Program services47%$8K
Management & general53%$9K
Total functional expensesLn 25$17K

Balance Sheet

Part X · end of year
CashLn 1$93K
Total assetsLn 16$114K
Total liabilitiesLn 26$67K
Total net assetsLn 32$46K
Months of cash on handcomputed64.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $93K · Operating expenses/yr $17K
64.1 months
Where the money goes
Program services
Program services $8K · Total expenses $17K
47%
Management & General
Management & general $9K · Total expenses $17K
53%
Fundraising
Fundraising $0 · Total expenses $17K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $23K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $51K · Total revenue $51K
100%
Government reliance
Government grants — · Total revenue $51K
Earned-income share
Program service revenue $0 · Total revenue $51K
0%
Investment reliance
Investment income $0 · Total revenue $51K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $17K
0%
Growth & trend
Revenue growth (YoY)
This year $51K · Prior year $8K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $46K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $51K · Expenses $17K
+66%
Liabilities-to-Assets
Total liabilities — · Total assets $114K
Net-asset ratio
Net assets $46K · Total assets $114K
41%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $114K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jalaylia Wharwood · Reported title FINANCIAL MA · Highest reported compensation $8K · Total expenses $17K
46%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8K · Total expenses $17K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 47%
Overhead ratio 53%
Fundraising cost ratio 0%
Revenue growth 541%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$127K revenue · ⤓ 990 PDF
FY2023$51K revenue · viewing · ⤓ 990 PDF
FY2022$8K revenue · ⤓ 990 PDF
FY2021$9K revenue · ⤓ 990 PDF
FY2020$16K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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