Geneva Point Center Inc

Analysis

Geneva Point Center Inc is a registered charity in United States, based in Moultonboro, NH. It received its IRS tax-exemption ruling in August 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Geneva Point Center Inc reported income of $927k and spending of $1.0m, spending 108% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $964k to $927k (-3.9%), an average of -1.3% a year. The sharpest change came in the year to March 2023, when income rose by 77%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geneva Point Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within NH. Charities of a similar size with the same main cause include Oklahoma Childrens Theatre Inc ($926k), YMCA of Ponce Inc Ponce ($927k) and Lake Oswego Swim Club ($926k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $113k (11% of expenses). Other salaries and wages came to $348k. At year end it held assets of $1.8m against liabilities of $272k, net assets of $1.5m. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.