Genesys Ambulatory Health Services Inc

Analysis

Genesys Ambulatory Health Services Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Genesys Ambulatory Health Services Inc reported income of $23.8m and spending of $25.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.6m to $23.8m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesys Ambulatory Health Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Colorado Prevention Center ($23.8m), Woodland Centers ($23.9m) and Westcoast Childrens Clinic ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 5.6% of the total. Other salaries and wages came to $22.4m. At year end it held assets of $3.6m against liabilities of $3.6m, net assets of $1,895. It reported 261 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.