Genesis House Inc

Analysis

Genesis House Inc is a registered charity in United States, based in Sioux Center, IA. It received its IRS tax-exemption ruling in March 2019, 7 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 House Inc reported income of $271k and spending of $191k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $271k (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Genesis House Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Brookhaven Homes for Elderly Inc ($271k), Family Promise of Albany County ($271k) and Jerald H Merrill Senior Housing Corporation ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $90k. At year end it held assets of $195k against liabilities of $0, net assets of $195k. It reported 8 employees.