Resource Generation

Analysis

Resource Generation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, Resource Generation reported income of $3.9m and spending of $3.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.9m (+28%), an average of +6.4% a year. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Resource Generation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Farrr Foundation ($3.9m), Minnesota Council of Nonprofits Inc ($3.9m) and National Christian Foundation Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $138k (3.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.1m against liabilities of $212k, net assets of $2.9m. It reported 25 employees.