Genesis Foundation

Analysis

Genesis Foundation is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation reported income of $144k and spending of $56k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $144k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within WY. Charities of a similar size with the same main cause include Amos Institute of Public Life ($144k), A Brighter Day ($144k) and World of Change Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.