The Grateful Lives Foundation

Analysis

The Grateful Lives Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Grateful Lives Foundation reported income of $55.3m and spending of $12.7m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.6m to $55.3m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Grateful Lives Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Community Foundation for Greater New Haven ($55.3m), City Fund ($55.4m) and Community Foundation for Greater Buffalo Inc ($55.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $244k (1.9% of expenses). At year end it held assets of $709.6m against liabilities of $81k, net assets of $709.5m.