Thrive Asheville INC

Tax-deductible

Asheville, NC501(c)(3)Community DevelopmentEIN 87-1110868Revenue $656K in FY2025

On file with the IRSthriveavl.org15 Westgate Rd, 28806-3022 · Asheville, NCTax-exempt since Sep 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Thrive asheville's mission is to collaborate with local residents and leaders from diverse perspectives to understand our city's challenges, forge new relationships, and act on the best solutions together.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 5 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $76K a year · 16% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $249K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$656K
+76% vs prior year
Spent
$550K
To programs
85%
Net assets
$306K
By yearFY2022–FY2025
Revenue
$656K
FY2025▲ +76%
Tap a bar for its year
Revenue by fiscal year
FY2022$319K
FY2023$505K
FY2024$373K
FY2025$656K
Expenses
$550K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2022$179K
FY2023$324K
FY2024$495K
FY2025$550K
Net assets
$306K
FY2025▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2022$140K
FY2023$322K
FY2024$200K
FY2025$306K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2021.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $470K Management & general 7% · $41K Fundraising 7% · $40K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Thrive Asheville 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Collaborates with residents and leaders to understand challenges and act on solutions.

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Provided by the organization

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3 programs · $460K · in their own filed words · FY2024
01

The buncombe rental assistance collaborative (brac) is composed of five housing agencies working together to increase the acceptance of federal rental assistance in buncombe county, so that vulnerable groups can access affordable housing.

$251Kprogram expense
02

Landlord-Tenant Partnership Program

Matches potential landlords with tenants who want to move from subsidized housing to private rentals using housing choice vouchers.

$182Kprogram expense
03

Lessons recovery facilitates a cohort of 30+ diverse community leaders in a two-year program to study and analyze a community issue together, then facilitate actionable solutions.

$27Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $10K · 2024–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$656K
Ln 12
Gifts and grantsLn 1h$656K
Money outPt IX
$550K
Ln 25
Programscol B$470K
Managementcol C$41K
Fundraisingcol D$40K
Owns and owesPt X
$306K
net assets · Ln 32
Cash and savingsLn 1–2$294K
Total assetsLn 16$310K
LiabilitiesLn 26$4K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$656K
Government grantsLn 1e$178K
Total revenueLn 12$656K
Assets in detailPt X, end of year
CashLn 1$294K
Cash and savings togetherLn 1–2$294K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$310K
LiabilitiesLn 26$4K
Net assetsLn 32$306K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$165K$294K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$209K$310K
LiabilitiesLn 26$9K$4K
Net assetsLn 32$200K$306K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Pay of current officers, directors and key staffLn 5$121K$103K$8K$9K
Other salaries and wagesLn 7$114K$98K$8K$9K
Other employee benefitsLn 9$27K$24K$2K$2K
Payroll taxesLn 10$22K$19K$1K$2K
Accounting feesLn 11c$22K$18K$2K$2K
Other fees for servicesLn 11g$67K$42K$12K$12K
Advertising and promotionLn 12$10K$5K$4K$768
Office expensesLn 13$4K$4K$243$308
Information technologyLn 14$3K$2K$278$278
OccupancyLn 16$52K$50K$665$760
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$9K$7K$861$861
Depreciation, depletion and amortizationLn 22$769$769
InsuranceLn 23$3K$2K$266$266
Other expenses (24a–d)Ln 24$84K$84K
Total functional expensesLn 25$550K$470K$41K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $656K$550K$105K$306K 990 PDF
FY2024 $373K$495K−$122K$200K 990 PDF
FY2023 $505K$324K$181K$322K 990 PDF
FY2022 $319K$179K$140K$140K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $655,879 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $373,428$655,879
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $373,428$655,879
I-13 Grants and similar amounts paid$10,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $292,467$283,767
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $202,720$256,633
I-18 Total expensesPrior year $495,187$550,400
I-19 Revenue less expensesPrior year −$121,759$105,479
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
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 $655,879 across 4 lines filed
VIII-1e Government grants$177,782
VIII-1f All other contributions, gifts and grants$478,097
VIII-1h Total contributions, gifts and grants$655,879
VIII-12 Total revenue$655,879
Part IX · Statement of functional expenses $550,400 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-5 Pay of current officers, directors and key staffPrograms $102,719 · Management $8,385 · Fundraising $9,434$120,538
IX-7 Other salaries and wagesPrograms $97,535 · Management $7,962 · Fundraising $8,958$114,455
IX-9 Other employee benefitsPrograms $23,507 · Management $1,648 · Fundraising $1,937$27,092
IX-10 Payroll taxesPrograms $18,812 · Management $1,320 · Fundraising $1,550$21,682
IX-11c Accounting feesPrograms $17,667 · Management $2,208 · Fundraising $2,208$22,083
IX-11g Other fees for servicesPrograms $42,364 · Management $12,185 · Fundraising $12,185$66,734
IX-12 Advertising and promotionPrograms $5,329 · Management $4,255 · Fundraising $768$10,352
IX-13 Office expensesPrograms $3,864 · Management $243 · Fundraising $308$4,415
IX-14 Information technologyPrograms $2,221 · Management $278 · Fundraising $278$2,777
IX-16 OccupancyPrograms $50,351 · Management $665 · Fundraising $760$51,776
IX-17 TravelPrograms $2,181$2,181
IX-19 Conferences, conventions and meetingsPrograms $6,884 · Management $861 · Fundraising $861$8,606
IX-22 Depreciation, depletion and amortizationManagement $769$769
IX-23 InsurancePrograms $2,125 · Management $266 · Fundraising $266$2,657
IX-24 Other expenses (24a–d)Programs $84,283$84,283
IX-25 Total functional expensesPrograms $469,842 · Management $41,045 · Fundraising $39,513$550,400
Part X · Balance sheet $310,017 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $165,264$293,922
X-3 Pledges and grants receivableStart of year $41,283$14,259
X-10c Land, buildings and equipment, netStart of year $2,605$1,836
X-16 Total assetsStart of year $209,152$310,017
X-17 Accounts payable and accrued expensesStart of year $9,007$4,393
X-26 Total liabilitiesStart of year $9,007$4,393
X-27 Net assets without donor restrictionsStart of year $200,145$264,796
X-28 Net assets with donor restrictions$40,828
X-32 Total net assets or fund balancesStart of year $200,145$305,624
X-33 Total liabilities and net assetsStart of year $209,152$310,017
Part XI · Reconciliation of net assets $305,624 net assets at year end
XI-1 Total revenue$655,879
XI-2 Total expenses$550,400
XI-3 Revenue less expenses$105,479
XI-4 Net assets at start of year$200,145
XI-10 Net assets at end of year$305,624

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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