The Grateful Lives Foundation
Bessemer Tr 20 Montchanin Rd 1500, Wilmington, DE · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $84,765,909 | $16,990,353 | $1,114,629,459 |
| FY2023 | $55,348,909 | $12,702,593 | $709,495,186 |
| FY2022 | $44,773,840 | $23,141,718 | $508,005,809 |
| FY2021 | $48,426,740 | $19,596,706 | $671,543,228 |
| FY2020 | $38,860,801 | $16,359,441 | $575,843,873 |
| FY2019 | $37,586,849 | $12,398,879 | $463,547,226 |
| FY2018 | $246,161,458 | $7,781,480 | $306,100,277 |
| FY2017 | $29,345,706 | $5,223,825 | $75,938,131 |
| FY2016 | $27,219,291 | $2,791,705 | $47,377,462 |
| FY2015 | $21,729,789 | $0 | $21,621,250 |
Form 990 filings
The returns filed by The Grateful Lives Foundation (EIN 32-6402383), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $63,027,116 | 74% |
| Program service revenue | $0 | 0% |
| Other revenue | $21,738,793 | 26% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $16,575,000 | 98% |
| Management & general | $415,353 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 74% of total revenue in FY2024.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 86.3% of 1000 Philanthropy, Voluntarism & Grantmaking Foundations organizations nationwide (too few in DE for a state comparison).
- Net assets covered about 787.2 months of expenses at the end of the reporting year. That puts it in the 98th percentile among 1689 Philanthropy, Voluntarism & Grantmaking Foundations organizations in DE.
- Total revenue was higher than 99.8% of 1699 Philanthropy, Voluntarism & Grantmaking Foundations organizations in DE.
- Total revenue rose from $21,729,789 in FY2015 to $84,765,909 in FY2024. Revenue increased in 7 and decreased in 2 of 9 year-over-year comparisons.
- Revenue covered expenses in each of the 10 reported years, FY2015 to FY2024.
- The highest revenue on record here is $246,161,458 in FY2018.
- Net assets grew from $21,621,250 to $1,114,629,459 between FY2015 and FY2024.
- Contributions and grants made up 100% of revenue in FY2015 and 74% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
To support Christian-based ministries that help people live a dedicated Christian life.
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T22 — Philanthropy, Voluntarism & Grantmaking Foundations (in DE) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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