Generation Patient Inc

Analysis

Generation Patient Inc is a registered charity in United States, based in Greenwood, IN. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Generation Patient Inc reported income of $610k and spending of $301k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $151k to $610k (+303%), an average of +101% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Generation Patient Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Bethel Community Ambulance ($609k), Southeastern Primary Care Consortium Inc ($610k) and Med13l Foundation Inc ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $85k (28% of expenses). Other salaries and wages came to $105k. At year end it held assets of $763k against liabilities of $1,442, net assets of $762k. It reported 3 employees.