Genesis Enterprise Foundation

Analysis

Genesis Enterprise Foundation is a registered charity in England and Wales, based in Nottingham. It was registered in February 2002, 24 years ago. Its declared purposes cover education/training, the prevention or relief of poverty, religious activities and economic/community development/employment, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 04277872). It says it provides buildings/facilities/open space, provides services and provides advocacy/advice/information.

In the financial year ending December 2023, Genesis Enterprise Foundation reported income of £28k and spending of £93k, spending 325% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from £85k to £28k (-67%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 268% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Genesis Enterprise Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in England and Wales with reported income it ranks in the 51st percentile. Charities of a similar size with the same main cause include The Corpus Christi Nicholas Bacon Fund (£28k), The Besom Network (£29k) and The Craft Bakers Benevolent and Education Fund (£28k).

Data notes from the register: The register marks this charity as being in administration. Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.