Genesis House Inc

Analysis

Genesis House Inc is a registered charity in United States, based in Siloam SPGS, AR. It received its IRS tax-exemption ruling in June 2024, 2 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 House Inc reported income of $132k and spending of $121k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $132k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Genesis House Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within AR. Charities of a similar size with the same main cause include CPLC Health Inc ($132k), Black Diamond Hope House Inc ($132k) and Sloan Street Housing Development Corporation Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $29k. At year end it held assets of $224k against liabilities of $33k, net assets of $190k. It reported 2 employees.