Genesis Housing Services

Analysis

Genesis Housing Services is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Genesis Housing Services reported income of $6.3m and spending of $510k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $560k to $6.3m (+1025%), an average of +83% a year. The sharpest change came in the year to December 2022, when income rose by 414%. Over the whole period it spent 20% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Genesis Housing Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Barnabas Center Incorporated ($6.3m), Saving Grace Womens Home Inc ($6.3m) and Lynn Shelter Association Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.9% of the total. Other salaries and wages came to $25k. At year end it held assets of $17.3m against liabilities of $4.5m, net assets of $12.8m.