Genaustin

Analysis

Genaustin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1998, 28 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 August 2023, Genaustin reported income of $1.9m and spending of $2.1m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.9m (+33%), an average of +7.5% a year. The sharpest change came in the year to August 2022, when income rose by 60%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genaustin sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Elderserv Inc ($1.9m), Patient Airlift Services ($1.9m) and Crossroads Christian Counseling ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $206k (9.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $245k, net assets of $1.2m. It reported 41 employees.