Generation W Inc

Analysis

Generation W Inc is a registered charity in United States, based in Jax BCH, FL. It received its IRS tax-exemption ruling in September 2014, 12 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, Generation W Inc reported income of $1.0m and spending of $1.2m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $983k to $1.0m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generation W Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Marshall Home for Men Inc ($1.0m), Housing Services Alliance Inc ($1.0m) and Husky House Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.9% of the total. Other salaries and wages came to $445k. At year end it held assets of $1.1m against liabilities of $225k, net assets of $899k. It reported 12 employees.