Thrive Christian Academy INC

IRS exemption revoked

Stone Mountain, GAUnknown exempt organization EIN 46-3312196Revenue $4.5M in FY2023

On file with the IRSthethriveway.org6015 Old Stone Mountain Road · Stone Mountain, GA

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To provide educational services to grades K-12; a formal instruction institution, with regular faculty, curriculum, an enrolled body of students with regularly conducted educational services.

95¢ of each $1 spent went to programs.
Run by 10 volunteers and 25 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $932K a year · 38% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$90K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
+420% vs prior year
Spent
$1.9M
To programs
95%
Net assets
$1.7M
By yearFY2021–FY2023
Revenue
$4.5M
FY2023▲ +420%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.0M
FY2022$864K
FY2023$4.5M
Expenses
$1.9M
FY2023▲ +137%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.8M
FY2022$814K
FY2023$1.9M
Net assets
$1.7M
FY2023▲ +279%
Tap a bar for its year
Net assets by fiscal year
FY2021$438K
FY2022$451K
FY2023$1.7M

From the FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on December 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.8M Management & general 5% · $90K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $90K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director & Principal
$90,000Pt VII · Sec A
Board Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021
Monica S Hall$90,000$90,000—
Monica Hall——$90,000

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.

See Thrive Christian Academy INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers formal K-12 education with regular faculty and curriculum.

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Provided by the organization

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2 programs · $1.9M · in their own filed words · FY2022
01

To provide formal instruction via regular faculty, curriculum, enrolled body of students and a place where educational activities are regularly conducted.

$1.9Mprogram expense
02

Summer Camp

recreational and educational day camp

$59Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$1.7M
Money outPt IX
$1.9M
Ln 25
Programscol B$1.8M
Managementcol C$90K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$2.7M
Fees for servicesLn 2g$1.7M
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$208K
Cash and savings togetherLn 1–2$208K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 525
VolunteersI 610
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$121K$208K
Total assetsLn 16$451K$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$451K$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$90K
Other salaries and wagesLn 7$553K$553K
Payroll taxesLn 10$126K$126K
Management feesLn 11a$188K$188K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$48K$48K
Information technologyLn 14$145K$145K
OccupancyLn 16$126K$126K
TravelLn 17$49K$49K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$537K$537K
All other expensesLn 24e$39K$39K
Total functional expensesLn 25$1.9M$1.8M$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $4.5M$1.9M$2.6M$1.7M 990 PDF
FY2022 $864K$814K$50K$451K 990 PDF
FY2021 $2.0M$1.8M$185K$438K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,489,197 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,085$2,741,498
I-9 Program service revenuePrior year $828,907$1,747,699
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $863,992$4,489,197
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $492,312$768,703
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $321,523$1,159,361
I-18 Total expensesPrior year $813,835$1,928,064
I-19 Revenue less expensesPrior year $50,157$2,561,133
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,489,197 across 4 lines filed
VIII-1e Government grants$2,694,191
VIII-1h Total contributions, gifts and grants$2,741,498
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,747,699$1,747,699
VIII-12 Total revenueRelated to mission $1,747,699 · Unrelated business $0 · Excluded from tax $0$4,489,197
Part IX · Statement of functional expenses $1,928,064 across 12 lines filed
IX-5 Pay of current officers, directors and key staffManagement $90,000$90,000
IX-7 Other salaries and wagesPrograms $552,750$552,750
IX-10 Payroll taxesPrograms $125,953$125,953
IX-11a Management feesPrograms $188,203$188,203
IX-12 Advertising and promotionPrograms $12,339$12,339
IX-13 Office expensesPrograms $47,844$47,844
IX-14 Information technologyPrograms $144,612$144,612
IX-16 OccupancyPrograms $126,000$126,000
IX-17 TravelPrograms $49,229$49,229
IX-23 InsurancePrograms $15,063$15,063
IX-24 Other expenses (24a–d)Programs $537,269$537,269
IX-24e All other expensesPrograms $38,802$38,802
IX-25 Total functional expensesPrograms $1,838,064 · Management $90,000 · Fundraising $0$1,928,064
Part X · Balance sheet $1,708,068 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $120,514$208,068
X-8 Inventories for sale or useStart of year $330,000$1,500,000
X-16 Total assetsStart of year $450,514$1,708,068
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $450,514$1,708,068
X-32 Total net assets or fund balancesStart of year $450,514$1,708,068
X-33 Total liabilities and net assetsStart of year $450,514$1,708,068
Part XI · Reconciliation of net assets $1,708,068 net assets at year end
XI-1 Total revenue$4,489,197
XI-2 Total expenses$1,928,064
XI-3 Revenue less expenses$2,561,133
XI-4 Net assets at start of year$450,514
XI-10 Net assets at end of year$1,708,068

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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