Genesis Health Services Foundation

Analysis

Genesis Health Services Foundation is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Health Services Foundation reported income of $2.2m and spending of $2.9m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $2.2m (-52%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis Health Services Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include New England Rural Health Roundtable ($2.2m), Central Ohio Lions Eye Bank Inc ($2.2m) and B Riley Sober House ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $139k (4.8% of expenses). Other salaries and wages came to $246k. At year end it held assets of $34.6m against liabilities of $2.1m, net assets of $32.4m. It reported 7 employees.