Genesis Academy for Innovation

Analysis

Genesis Academy for Innovation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Academy for Innovation reported income of $526k and spending of $395k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $642k to $526k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Academy for Innovation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Oasis Network of New Tampa Inc ($526k), Alliance for Curriculum Enhancement ($526k) and Sentinel Foundation ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $266k against liabilities of $0, net assets of $266k. It reported 1 employees.