Genetic Alliance Inc

Analysis

Genetic Alliance Inc is a registered charity in United States, based in Damascus, MD. It received its IRS tax-exemption ruling in November 1988, 38 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 September 2023, Genetic Alliance Inc reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.9m to $2.5m (-15%), an average of -3.9% a year. The sharpest change came in the year to September 2022, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genetic Alliance Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Gatorcare Health Management Corporation ($2.5m), CMH Properties ($2.5m) and 550 Acoma Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $248k (9.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $859k against liabilities of $480k, net assets of $379k. It reported 13 employees.