Genesis Affordable Housing Coalition Inc

Analysis

Genesis Affordable Housing Coalition Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Affordable Housing Coalition Inc reported income of $360k and spending of $419k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $318k to $360k (+13%), an average of +13% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Genesis Affordable Housing Coalition Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Belong Art Community ($360k), Slippery Rock Presbyterian Senior Housing Inc ($360k) and Access Senior Housing of Franklin Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $288k against liabilities of $275k, net assets of $12k.