Genesis Center

Analysis

Genesis Center is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1994, 32 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 August 2023, Genesis Center reported income of $4.9m and spending of $4.2m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.8m to $4.9m (+74%), an average of +15% a year. The sharpest change came in the year to August 2020, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Jones Center for Families Inc ($4.9m), One Warm Coat ($4.9m) and Young Mens Christian Association-Findlay Ohio- ($4.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 9.9% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $5.5m against liabilities of $281k, net assets of $5.2m. It reported 69 employees.