Genesis House for Homeless Inc

Analysis

Genesis House for Homeless Inc is a registered charity in United States, based in Perry, GA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Genesis House for Homeless Inc reported income of $340k and spending of $330k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $433k to $340k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genesis House for Homeless Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include Restoration Pregnancy Resource Center Inc ($340k), Public Health Fund Inc ($340k) and The Innerwork Center Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). Other salaries and wages came to $109k. At year end it held assets of $356k against liabilities of $31k, net assets of $326k. It reported 13 employees.