Gennesaret Inc

Analysis

Gennesaret Inc is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Gennesaret Inc reported income of $113k and spending of $116k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $154k to $113k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gennesaret Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include 4gens ($113k), South Florida Buddhist Association Inc ($113k) and Life Light Pregnancy Help Center ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $494k against liabilities of $59k, net assets of $435k.