Genesis Outreach Incorporated

Analysis

Genesis Outreach Incorporated is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Genesis Outreach Incorporated reported income of $834k and spending of $561k, leaving 33% of income unspent that year. Across the 6 years on record, from December 2017 to December 2022, income grew from $436k to $834k (+91%), an average of +14% a year. The sharpest change came in the year to December 2018, when income rose by 45%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Outreach Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Bullard Family Foundation Inc ($834k), Acevedo Foundation ($834k) and Stepup Durham ($833k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $254k. At year end it held assets of $1.3m against liabilities of $358k, net assets of $965k. It reported 24 employees.