Generations Inc

Analysis

Generations Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Generations Inc reported income of $889k and spending of $955k, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $510k to $889k (+75%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Generations Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include Spectrum School ($889k), American College of Sports Medicine ($890k) and Masonry Society ($889k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $74k (7.8% of expenses). Other salaries and wages came to $542k. At year end it held assets of $352k against liabilities of $186k, net assets of $166k. It reported 26 employees.