Genesis Ministries Inc

Analysis

Genesis Ministries Inc is a registered charity in United States, based in Canyon Lake, TX. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Genesis Ministries Inc reported income of $688k and spending of $693k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $688k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Genesis Ministries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Bellas Mentoring Inc ($688k), Florida District of Key Club International Inc ($689k) and Crossroads Kids Club ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $140k (20% of expenses). Other salaries and wages came to $42k. At year end it held assets of $30k against liabilities of $0, net assets of $30k. It reported 7 employees.