Answers in Genesis Inc

Analysis

Answers in Genesis Inc is a registered charity in United States, based in Petersburg, KY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Answers in Genesis Inc reported income of $42.1m and spending of $27.6m, leaving 35% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $42.7m to $42.1m (-1.2%), an average of -0.2% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Answers in Genesis Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Cityteam Ministries ($41.9m), Inspirational Network Inc ($43.3m) and Rubys Heart ($41.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $456k (1.7% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $172.9m against liabilities of $36.5m, net assets of $136.4m. It reported 1,646 employees.