Genesis House Inc

Analysis

Genesis House Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in June 1976, 50 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 December 2023, Genesis House Inc reported income of $562k and spending of $576k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $562k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 94% 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Kettering Fairmont Athletic Boosters ($562k), Montana Chamber Foundation ($562k) and David Craig Ministries Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). Other salaries and wages came to $95k. At year end it held assets of $675k against liabilities of $263k, net assets of $412k. It reported 11 employees.