The Genesis Foundation for Children Inc

Analysis

The Genesis Foundation for Children Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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 2023, The Genesis Foundation for Children Inc reported income of $818k and spending of $927k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $818k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Genesis Foundation for Children Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Mary House Inc ($818k), Perrysburg Schools Foundation ($818k) and Creek Nation Foundation Inc ($818k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $284k (31% of expenses). At year end it held assets of $892k against liabilities of $220k, net assets of $672k. It reported 4 employees.