Genesis Health Foundation Inc

Analysis

Genesis Health Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Health Foundation Inc reported income of $1.7m and spending of $965k, leaving 42% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $700k to $1.7m (+137%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 145%. Over the whole period it spent 63% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis Health Foundation 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 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Mental Health Collective ($1.7m), Border Area Mental Health Services ($1.7m) and Center for Speech and Language Disorders ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $244k. At year end it held assets of $8.9m against liabilities of $8.9m, net assets of $0.