The Genesis Project Seattle

Analysis

The Genesis Project Seattle is a registered charity in United States, based in Seatac, WA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Genesis Project Seattle reported income of $310k and spending of $343k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $310k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Genesis Project Seattle sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include G2g Foundation ($310k), Elijah Ministries Inc ($310k) and Talented Foundation ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $204k. At year end it held assets of $164k against liabilities of $0, net assets of $164k.