Genesis Innovation Academy Inc

Analysis

Genesis Innovation Academy Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2017, 9 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 June 2024, Genesis Innovation Academy Inc reported income of $11.3m and spending of $13.1m, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.7m to $11.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Innovation Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Lih Memorial Grant Fund ($11.3m), Hatikvah International Academy Charter School ($11.3m) and Mountain Heights Academy ($11.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 84% of the total. At year end it held assets of $18.3m against liabilities of $15.9m, net assets of $2.4m. It reported 70 employees.