Genesis Academy

Analysis

Genesis Academy is a registered charity in United States, based in Burnsville, NC. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Genesis Academy reported income of $376k and spending of $330k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $376k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Academy sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include 100 Black Men of Greater Washington DC Inc ($376k), Freedom Christian Schools Inc ($376k) and Charles Louis Davis DVM Foundation for Advancement of Vet Pathology ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Other salaries and wages came to $183k. At year end it held assets of $312k against liabilities of $7,876, net assets of $304k. It reported 8 employees.