Genesis Motor America Foundation

Analysis

Genesis Motor America Foundation is a registered charity in United States, based in Fountain Vly, CA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Motor America Foundation reported income of $3.1m and spending of $3.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.1m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Genesis Motor America Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Philadelphia Outward Bound Center ($3.1m), Boy Scouts of America ($3.1m) and Voices Together ($3.1m).

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 $115k (3.6% of expenses). At year end it held assets of $3.7m against liabilities of $166k, net assets of $3.5m.