Genyouth Inc

Analysis

Genyouth Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Genyouth Inc reported income of $9.1m and spending of $7.1m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $9.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 129%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Genyouth Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Consortium of Florida Education Foundations Inc ($9.1m), Catholic United Financial Foundation ($9.1m) and TSF Properties ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% and program service revenue 0.5% of the total. Other salaries and wages came to $872k. At year end it held assets of $10.1m against liabilities of $2.3m, net assets of $7.8m.