Generation Life

Analysis

Generation Life is a registered charity in United States, based in Conshohocken, PA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Generation Life reported income of $275k and spending of $302k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $310k to $275k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Generation Life sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Sheridan Kids Life ($275k), Connections 4 Kids ($275k) and Partners Uplifting Our Daughters ($275k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $6,280 (2.1% of expenses). Other salaries and wages came to $158k. At year end it held assets of $81k against liabilities of $42k, net assets of $39k. It reported 7 employees.