Genesis Learning Centers

Analysis

Genesis Learning Centers is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1984, 42 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 Learning Centers reported income of $6.4m and spending of $6.1m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.7m to $6.4m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genesis Learning Centers sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Federal Defenders of Montana Inc ($6.4m), Council for Relationships Inc ($6.4m) and Crotched Mountain Community Care Inc ($6.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $127k (2.1% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.2m. It reported 117 employees.