Genesis Health Services Inc

Analysis

Genesis Health Services Inc is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in January 1995, 31 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 Services Inc reported income of $999k and spending of $684k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $999k (+355%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 95% 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 Services Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Reclaim ($999k), New Leaf Resources ($999k) and North Country Freedom Homes Inc ($998k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 64% of the total. Other salaries and wages came to $144k. At year end it held assets of $592k against liabilities of $415k, net assets of $177k. It reported 12 employees.