Genesis of Pittsburgh Inc

Analysis

Genesis of Pittsburgh Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Genesis of Pittsburgh Inc reported income of $1.5m and spending of $931k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis of Pittsburgh Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Wafer Inc ($1.5m), Young Child Associates ($1.5m) and Clara Barton Day Care Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $59k (6.3% of expenses). Other salaries and wages came to $451k. It paid $1,117 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $148k, net assets of $2.3m. It reported 26 employees.