Geneva Area Foundation

Analysis

Geneva Area Foundation is a registered charity in United States, based in Lake Geneva, WI. It received its IRS tax-exemption ruling in January 1954, 72 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Geneva Area Foundation reported income of $226k and spending of $204k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $226k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geneva Area Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include Humane Society of Logan County ($226k), Milford Eagles Youth Football and Cheer Inc ($226k) and Canandaigua Knights Hockey Conference Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 55% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.0m against liabilities of $62k, net assets of $964k.