Genesis Project Inc

Analysis

Genesis Project Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 December 2023, Genesis Project Inc reported income of $363k and spending of $232k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $363k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis Project Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Mountain State Congress of Optometry Inc ($363k), Happy Lungs Project ($363k) and Community Resilience Initiative ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. At year end it held assets of $1.2m against liabilities of $7,984, net assets of $1.2m.