Genesis Community Health Inc

Analysis

Genesis Community Health Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Genesis Community Health Inc reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.0m to $6.5m (+63%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis Community Health Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Affinity Health Plan Inc ($6.5m), Hackensack Meridian Team Health PC ($6.5m) and Home for the Aged of the Little Sisters of the Poor ($6.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $238k (3.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $4.5m against liabilities of $3.0m, net assets of $1.5m. It reported 75 employees.