Generationnation Inc

Analysis

Generationnation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1993, 33 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 June 2024, Generationnation Inc reported income of $229k and spending of $158k, leaving 31% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $195k to $229k (+17%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Generationnation Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Georgia Association of Special Programs Inc ($229k), Peace River Cooperative Charitable Foundation Inc ($229k) and Chesapeake Public Schools Educational Foundation ($229k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $50k (32% of expenses). Other salaries and wages came to $21k. At year end it held assets of $326k against liabilities of $0, net assets of $326k. It reported 2 employees.