Genesis Ministries Inc

Analysis

Genesis Ministries Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Genesis Ministries Inc reported income of $116k and spending of $118k, spending 102% of its income. Across the 3 years on record, from December 2017 to December 2023, income fell from $209k to $116k (-44%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Genesis Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within GA. Charities of a similar size with the same main cause include Center for Spiritual Formation Inc ($116k), Bridge Networks ($116k) and Mindful Way Buddhist Mediation Society ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $204k against liabilities of $25k, net assets of $179k.