Generous Life Foundation

Analysis

Generous Life Foundation is a registered charity in United States, based in Southlake, TX. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2021, Generous Life Foundation reported income of $6.1m and spending of $6.2m, spending 102% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $1.5m to $6.1m (+302%), an average of +101% a year. The sharpest change came in the year to December 2020, when income rose by 343%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Generous Life Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Ser-Metro-Detroit Jobs for Progress Inc ($6.1m), San Diego Electrical Training Trust ($6.1m) and Sinai Community Institute Inc ($6.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 97% of the total. At year end it held assets of $228k against liabilities of $218k, net assets of $9,387.