Genesius Corporation

Analysis

Genesius Corporation is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Genesius Corporation reported income of $217k and spending of $241k, spending 111% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $198k to $217k (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Genesius Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include West Point Community Theater ($217k), Ruhs CCT Boosters Inc ($217k) and Deen Arts Foundation ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $26k (11% of expenses). Other salaries and wages came to $8,900. At year end it held assets of $224k against liabilities of $74k, net assets of $150k. It reported 1 employees.