Gene Spotlight Inc

Analysis

Gene Spotlight Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in December 2011, 15 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, Gene Spotlight Inc reported income of $442k and spending of $309k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $442k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gene Spotlight Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Itawamba County Development Council ($442k), Much Ministries Inc ($442k) and 100 Humanitarians International ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $69k. At year end it held assets of $2.6m against liabilities of $10k, net assets of $2.6m. It reported 1 employees.