New Genesis Homeless Inc

Analysis

New Genesis Homeless Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Genesis Homeless Inc reported income of $147k and spending of $153k, spending 104% of its income. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Genesis Homeless Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include First Richland Morrow Housing Inc VIII ($147k), William Enston Home ($147k) and North Oak Cliff Community Development Corporation ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.