Genesis Broadcasting Network Corporation

Analysis

Genesis Broadcasting Network Corporation is a registered charity in United States, based in Pembroke Pnes, FL. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Broadcasting Network Corporation reported income of $375k and spending of $361k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $441k to $375k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income rose by 717498%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Genesis Broadcasting Network Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Gospel Music Workshop of America Inc ($375k), Open Eye Theatre ($375k) and High Point Preservation Society Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.