Alpha Genesis Community Development Corporation

Analysis

Alpha Genesis Community Development Corporation is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Alpha Genesis Community Development Corporation reported income of $763k and spending of $444k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $860k to $763k (-11%), an average of -11% a year. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alpha Genesis Community Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Sage Financial Solutions Inc ($763k), Christian Berets ($763k) and Society of St Vincent de Paul Council of Metuchen NJ Inc ($763k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $15k (3.3% of expenses). It paid $5,963 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $224k, net assets of $1.0m.