Genesys Works

Analysis

Genesys Works is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Genesys Works reported income of $9.8m and spending of $8.9m, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $7.5m to $9.8m (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesys Works sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Lincoln Academy Charter School ($9.8m), Texas Association of School Business Officials ($9.8m) and Strategic Capacity Group Inc ($9.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $1.2m (14% of expenses). Other salaries and wages came to $3.9m. It paid $46k in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $1.5m, net assets of $3.9m. It reported 273 employees.