New Genesis Foundation

Analysis

New Genesis Foundation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, New Genesis Foundation reported income of $103k and spending of $97k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $103k (+1.9%), an average of +1.9% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Genesis Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include International Service Agency ($103k), Global Construction Ministries ($103k) and Help Diocese of Kikwit Zaire ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $156k against liabilities of $5,648, net assets of $150k.