Genesis Place

Analysis

Genesis Place is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in July 1999, 27 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 Place reported income of $400k and spending of $307k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $400k (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Place sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Canadian Community Center ($400k), Machaneh TR ($400k) and Capacidad ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $117k. At year end it held assets of $2.3m against liabilities of $4,408, net assets of $2.3m. It reported 10 employees.