Genequality Inc

Analysis

Genequality Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Genequality Inc reported income of $233k and spending of $205k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $173k to $233k (+34%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 99% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Genequality Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 52nd percentile within DE. Charities of a similar size with the same main cause include Nokomis East Neighborhood Association ($233k), Collegiate Cultural Foundation ($233k) and Casa of Troup County Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $75k (37% of expenses). Other salaries and wages came to $55k. At year end it held assets of $60k against liabilities of $0, net assets of $60k.