Genesis Global Ministries Inc

Analysis

Genesis Global Ministries Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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, Genesis Global Ministries Inc reported income of $156k and spending of $312k, spending 200% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $33k to $156k (+371%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 1064%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genesis Global Ministries Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Servants on Wheels Ever Ready a New Jersey Non Profit Corporation ($156k), Anderson Valley Volunteer Firefighters Associaton ($156k) and Joint Religious Education and Research Fund J R E R F ($156k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (38% of expenses). At year end it held assets of $346k against liabilities of $0, net assets of $346k.