Genesis Associates Inc

Analysis

Genesis Associates Inc is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in November 1995, 31 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 June 2024, Genesis Associates Inc reported income of $159k and spending of $191k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $221k to $159k (-28%), an average of -7.9% a year. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Genesis Associates Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within ID. Charities of a similar size with the same main cause include Tallahassee Lego Robotics Club Inc ($159k), Youth Excited About Sports ($159k) and Daytona Beach Sports Club Inc ($159k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $83k (44% of expenses). Other salaries and wages came to $52k. At year end it held assets of $11k against liabilities of $0, net assets of $11k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.