Genesis Foundation

Analysis

Genesis Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Genesis Foundation reported income of $2.1m and spending of $1.1m, leaving 49% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $58k to $2.1m (+3461%), an average of +104% a year. The sharpest change came in the year to December 2021, when income rose by 16751%. Over the whole period it spent 49% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Genesis Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Life Impact Inc ($2.1m), Dominion Broadcasting Incorporated ($2.1m) and Global Celebration ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.