Geneseo Development and Growth Inc

Analysis

Geneseo Development and Growth Inc is a registered charity in United States, based in Geneseo, IL. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Geneseo Development and Growth Inc reported income of $944k and spending of $1.1m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $717k to $944k (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geneseo Development and Growth Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Jefferson Athletic Booster Group ($943k), Princeton Nursery School Inc ($944k) and Jericho School for Children with Autism Inc ($943k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $714k. At year end it held assets of $587k against liabilities of $60k, net assets of $527k. It reported 46 employees.