Genesis Healthcare Inc

Analysis

Genesis Healthcare Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Genesis Healthcare Inc reported income of $65.0m and spending of $45.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.2m to $65.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis Healthcare Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include H B Magruder Memorial Hospital ($65.0m), Intrahealth International Inc ($65.1m) and Eskenazi Medical Group Inc ($64.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $4.1m (9.0% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $119.5m against liabilities of $5.4m, net assets of $114.1m. It reported 271 employees.