Genesis Waters

Analysis

Genesis Waters is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Waters reported income of $295k and spending of $362k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $295k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Genesis Waters sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Project Concern of Cudahy-St Francis Inc ($295k), Carry the Cure Incorporated ($295k) and Collegium ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.