Thrivent Charitable

Legal name: Thrivent Charitable Impact & Investing

Nonprofit profile at a glance

EIN
411802412
IRS 990 coverage
2010–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025, Form 990-T 2025
Location
Appleton, WI, USA
Phone
6128444110
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations
Affiliation
Christianity

Official website

Reported finances

Revenue
$191,975,459
Expenses
$130,179,897
Assets
$1,103,546,172
Liabilities
$160,053,461

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • MANDY TUONG (PRESIDENT & CEO)
  • GREG SHAMEY (VICE PRESIDENT)
  • KAREN VORACEK (VICE PRESIDENT)

Highest reported compensation

  • MANDY TUONG (PRESIDENT & CEO): $962,277 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Thrivent Charitable empowers people to create change by making it easy for anyone to give to the causes they cherish.

What it reported doing in 2025

Thrivent charitable's mission is driven by a faith-filled tradition of working together to address important and diverse societal issues with passion and purpose. In 2025, a record breaking $111 million was distributed to 12,484 charities throughout local, national, and global communities. Through donor-advised funds, donors grant to charities at times of their choosing. Through designated funds, donors designate organizations or causes to receive automatic annual grants. And through our collaborative funds, donors make gifts to pool with other generous donors to achieve a greater impact on an issue or field of interest. In addition, thrivent charitable supports the generosity of donors affiliated with thrivent by processing donations made via thrivent's personal giving program.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 72
  • Accountability: 100
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.2%; rating input score 65
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: $68.82 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 21st percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 94.5%; rating input score 95; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 32.2%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 8.48; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 0.7%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: 17.2% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 13.9% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 68th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 65.2% of revenue deployed · 86.1% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $112.1M in reported program spending
  • Leadership: top reported pay $962K · 18 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $7.6M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 3146 filed money-flow records
  • Related organizations: 3139 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.