Genesis at the Crossroads Inc

Analysis

Genesis at the Crossroads Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2000, 26 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 June 2023, Genesis at the Crossroads Inc reported income of $990k and spending of $1.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $896k to $990k (+10%), an average of +2.5% a year. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Genesis at the Crossroads Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include United Way Foundation of Indian River County Inc ($989k), American Friends of Yeshiva High School of Kiryat Arba Inc ($990k) and Plymouth Community United Way ($986k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $8,000 (0.8% of expenses). Other salaries and wages came to $49k. At year end it held assets of $5,220 against liabilities of $209k, net assets of -$204k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.