Genesis Schools

Analysis

Genesis Schools is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Genesis Schools reported income of $6.8m and spending of $7.1m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $7.6m to $6.8m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to August 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Schools sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include White Pine Charter School Inc ($6.8m), Riekes Center for Human Enhancement ($6.8m) and Tri-Valley Montessori School ($6.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $4.0m against liabilities of $1.7m, net assets of $2.3m. It reported 96 employees.