Generation One

Analysis

Generation One is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Generation One reported income of $2.3m and spending of $2.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.3m (+115%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generation One sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Boonslick Heartland Young Mens ($2.3m), Augusta Food Bank ($2.3m) and Adult Care Management Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $105k (4.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.4m against liabilities of $708k, net assets of $1.7m. It reported 30 employees.