Generous Life Foundation

Analysis

Generous Life Foundation is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Generous Life Foundation reported income of $1.1m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $1.1m (+391%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 127%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generous Life Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Sweetwater Foundation Inc ($1.1m), Adapt Movement Inc ($1.1m) and Global for Good Fund Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (8.2% of expenses). Other salaries and wages came to $586k. It paid $180 in professional fundraising fees. At year end it held assets of $335k against liabilities of $42k, net assets of $293k. It reported 49 employees.