Genesis House Inc

Analysis

Genesis House Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 June 2023, Genesis House Inc reported income of $944k and spending of $817k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $566k to $944k (+67%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genesis House Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Siuslaw Outreach Services Inc ($944k), Youth Development Initiatives ($944k) and Northern Arizona Christian School Scholarship Fund ($943k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $66k (8.1% of expenses). Other salaries and wages came to $373k. At year end it held assets of $974k against liabilities of $29k, net assets of $945k. It reported 19 employees.