Genesis Alliance

Analysis

Genesis Alliance is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Genesis Alliance reported income of $171k and spending of $166k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $171k to $171k (+0.2%), an average of +0.2% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Alliance sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Racelookup Foundation Inc ($171k), Lions District 22w Foundation ($171k) and I-5 Freedom Network ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.