Generations United Inc

Analysis

Generations United Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1997, 29 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, Generations United Inc reported income of $4.3m and spending of $4.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.3m (+63%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Generations United Inc 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 78th percentile within DC. Charities of a similar size with the same main cause include Northern Indiana Community Foundation Inc ($4.3m), Fnub Inc ($4.3m) and Community Foundation of the Virgin Islands Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $352k (7.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.0m against liabilities of $1.6m, net assets of $1.5m. It reported 26 employees.