Institute Genesis Elc Inc

Analysis

Institute Genesis Elc Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2021, Institute Genesis Elc Inc reported income of $573k and spending of $599k, spending 104% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $570k to $573k (+0.6%), an average of +0.6% a year. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Institute Genesis Elc Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Midtown Neighborhood Opportunities Corporation ($573k), Crestfield Camp and Conference Center ($574k) and Miss Amazing Inc ($573k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $25k (4.3% of expenses). Other salaries and wages came to $157k. At year end it held assets of $46k against liabilities of $7,976, net assets of $38k. It reported 16 employees.