Generations Incorporation

Analysis

Generations Incorporation is a registered charity in United States, based in Luverne, MN. It received its IRS tax-exemption ruling in October 1980, 46 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 2023, Generations Incorporation reported income of $274k and spending of $92k, leaving 66% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $703k to $274k (-61%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 23% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generations Incorporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Supporting Area Families Everyday ($274k), Freedom to Captives ($274k) and Bais Chesed LA ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 13% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.