Project Genesis Inc

Analysis

Project Genesis Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2014, 12 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 December 2023, Project Genesis Inc reported income of $297k and spending of $305k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $231k to $297k (+29%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Genesis Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Discipleability Ministries Inc ($297k), Called to Serve ($297k) and Global Baptist Training Foundation Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $94k (31% of expenses). Other salaries and wages came to $24k. At year end it held assets of $71k against liabilities of $17k, net assets of $54k. It reported 2 employees.