Generations Inc

Analysis

Generations Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Generations Inc reported income of $2.8m and spending of $3.0m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $2.8m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generations Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Tol Ministries Inc ($2.8m), First West Thrift Store ($2.8m) and Tender Loving Care Home for Boys Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $943k (32% of expenses). Other salaries and wages came to $686k. At year end it held assets of $2.0m against liabilities of $188k, net assets of $1.8m. It reported 19 employees.