Genesis Fund

Analysis

Genesis Fund is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Genesis Fund reported income of $4.8m and spending of $2.9m, leaving 39% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $3.9m to $4.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to March 2022, when income rose by 39%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Genesis Fund 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 92nd percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Iglesias de Restauracion Filial Reseda ($4.8m), Look-Up Lodge Christian Camp Inc ($4.8m) and Womans Missionary Union Auxiliary to Southern Baptist Convention ($4.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 45% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $464k (16% of expenses). Other salaries and wages came to $742k. At year end it held assets of $53.6m against liabilities of $38.8m, net assets of $14.8m. It reported 11 employees.