Genesis Center North Texas Inc

Analysis

Genesis Center North Texas Inc is a registered charity in United States, based in Kaufman, TX. It received its IRS tax-exemption ruling in September 2001, 25 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 Center North Texas Inc reported income of $1.1m and spending of $873k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $887k to $1.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Genesis Center North Texas Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Hands of Hope Resources for Homeless Families ($1.1m), Washington House Housing Development Fund Corporation ($1.1m) and LA Gardens Community Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $308k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 55 employees.