Genesis Ministries

Analysis

Genesis Ministries is a registered charity in United States, based in Englewood, FL. It received its IRS tax-exemption ruling in March 2013, 13 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 December 2023, Genesis Ministries reported income of $456k and spending of $469k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $456k (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Ministries sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Booktrails Inc ($456k), Baruch College Early Learning Center ($457k) and Mu Alpha Theta Educational Foundation Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (17% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.4m against liabilities of $469k, net assets of $958k. It reported 4 employees.