Genesis Inc

Analysis

Genesis Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Inc reported income of $395k and spending of $516k, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $395k (+44%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Genesis Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Mentor Greater Milwaukee Inc ($395k), Foundation for Tennessee Chess ($395k) and Somerset County 4h Association ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $68k (13% of expenses). Other salaries and wages came to $198k. At year end it held assets of $561k against liabilities of $0, net assets of $561k. It reported 29 employees.