Friends of Genoa

Analysis

Friends of Genoa is a registered charity in United States, based in Genoa, NV. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friends of Genoa reported income of $142k and spending of $34k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $142k (+217%), an average of +216% a year. The sharpest change came in the year to December 2023, when income rose by 217%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Genoa sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within NV. Charities of a similar size with the same main cause include Greater Remington Improvement Association Inc ($142k), Moab Solutions Inc ($143k) and Planet Love Joy Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.