Generationed

Analysis

Generationed is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in November 1967, 59 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, Generationed reported income of $28.1m and spending of $27.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.4m to $28.1m (+11%), an average of +2.6% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generationed sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Feed America First of Tennessee ($28.1m), Carillon Inc ($28.2m) and Association for Child Development ($28.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $357k (1.3% of expenses). Other salaries and wages came to $15.3m. At year end it held assets of $19.5m against liabilities of $4.9m, net assets of $14.6m. It reported 455 employees.