Good Life Foundation Inc

Analysis

Good Life Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Good Life Foundation Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $573k to $2.4m (+322%), an average of +62% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Good Life Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Wytheville Community College Educational Foundation Inc ($2.4m), St Ignatius of Loyola Catholic School ($2.4m) and Northwest Georgia Regional Library ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $98k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $713k against liabilities of $51k, net assets of $662k. It reported 41 employees.