Generation Impact Ministries Inc

Analysis

Generation Impact Ministries Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Generation Impact Ministries Inc reported income of $175k and spending of $164k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $175k (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Generation Impact Ministries Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Maccabim Hebrew School ($175k), Christ Child Society of Pasadena Inc ($175k) and Ministerio Fraternidad Cristiana Corp ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (59% of expenses). At year end it held assets of $65k against liabilities of $0, net assets of $65k. It reported 1 employees.