Generations Inc

Analysis

Generations Inc is a registered charity in United States, based in Lindenwold, NJ. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Generations Inc reported income of $73k and spending of $216k, spending 297% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $73k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generations Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Tarrant Area Gerontological Society ($73k), Art 2 Heart ($73k) and HR Ranch Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 88% of the total. At year end it held assets of $30k against liabilities of $132k, net assets of -$102k.