Goodlife Innovations Inc

Analysis

Goodlife Innovations Inc is a registered charity in United States, based in Lenexa, KS. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodlife Innovations Inc reported income of $32.6m and spending of $32.7m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $22.2m to $32.6m (+47%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Goodlife Innovations Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include General German Aged Peoples Home of Baltimore ($32.6m), Community Council of Idaho Inc ($32.7m) and Under 21 ($32.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $646k (2.0% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $15.8m against liabilities of $5.7m, net assets of $10.2m. It reported 778 employees.