Greatlife Cares Foundation

Analysis

Greatlife Cares Foundation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 2017, 9 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 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, Greatlife Cares Foundation reported income of $254k and spending of $220k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $260k to $254k (-2.3%), an average of -0.8% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greatlife Cares Foundation sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within SD. Charities of a similar size with the same main cause include Charlotte Athletic Boosters ($254k), Surfaid International USA ($254k) and Msda Charitable and Educational Foundaton Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.