Genesis Corporation

Analysis

Genesis Corporation is a registered charity in United States, based in Pitcairn, PA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Genesis Corporation reported income of $76k and spending of $33k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $191k to $76k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Genesis Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Pursuing Transformation Inc ($76k), Clergy Community Coalition Inc ($76k) and Taylorville Community Club Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $543k against liabilities of $12k, net assets of $531k.