Generation Serve

Analysis

Generation Serve is a registered charity in United States, based in Austin, TX. 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 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, Generation Serve reported income of $485k and spending of $520k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $750k to $485k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Generation Serve sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Shooting Stars Foundation Inc ($485k), Growing Garden Nursery School of Paramus Inc ($485k) and Santa Fe Art Institute ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $77k (15% of expenses). Other salaries and wages came to $229k. At year end it held assets of $271k against liabilities of $90k, net assets of $181k. It reported 9 employees.