G3 Life Applications Inc

Analysis

G3 Life Applications Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2023, G3 Life Applications Inc reported income of $1.3m and spending of $866k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $1.3m (+768%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 128%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, G3 Life Applications Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Red River Childrens Advocacy Center ($1.3m), Center for Self Sufficiency Inc ($1.3m) and Marion County Junior Livestock Auction ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $148k. At year end it held assets of $733k against liabilities of $7,170, net assets of $725k. It reported 2 employees.