Greater Life Inc

Analysis

Greater Life Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Greater Life Inc reported income of $735k and spending of $726k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $735k (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Life Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include LA Paz County Fair Association Inc ($734k), Bays Inc ($735k) and Lightning High School Hockey League Inc ($733k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $93k (13% of expenses). Other salaries and wages came to $153k. At year end it held assets of $423k against liabilities of $3,774, net assets of $419k. It reported 10 employees.