Genesis Place Inc

Analysis

Genesis Place Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in March 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2024, Genesis Place Inc reported income of $51k and spending of $50k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $93k to $51k (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genesis Place Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within IN. Charities of a similar size with the same main cause include West Omaha Rotary Foundation ($51k), Soroptimist International of the Americas Inc ($51k) and Heroes at Home ($51k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $8,788 (18% of expenses). Other salaries and wages came to $375. At year end it held assets of $3,041 against liabilities of $4,633, net assets of -$1,592. It reported 2 employees.