Life Generation USA Inc

Analysis

Life Generation USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Life Generation USA Inc reported income of $643k and spending of $443k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $204k to $643k (+215%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 135%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Life Generation USA Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Empowering Youth and Communities Inc ($643k), Tutor Smart ($644k) and Formative Foundation ($643k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $346k against liabilities of $0, net assets of $346k.