Genesis Project Inc

Analysis

Genesis Project Inc is a registered charity in United States, based in Apache JCT, AZ. It received its IRS tax-exemption ruling in April 2011, 15 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 Project Inc reported income of $347k and spending of $364k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $347k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Project Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within AZ. Charities of a similar size with the same main cause include Delta Fresh Foods Initiative ($346k), White River Womens Shelter Inc ($347k) and Citizens for Independence and Access Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $100k. At year end it held assets of $136k against liabilities of $292, net assets of $136k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.