Releasing Generations

Analysis

Releasing Generations is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Releasing Generations reported income of $174k and spending of $171k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $174k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Releasing Generations sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within HI. Charities of a similar size with the same main cause include Masterpiece Initiative Inc ($174k), Or Hageulah ($174k) and Darul Ahnaf Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $53k against liabilities of $16k, net assets of $37k.