Generation U Inc

Analysis

Generation U Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in June 2019, 7 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 (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, Generation U Inc reported income of $310k and spending of $454k, spending 147% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $412k to $310k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Generation U 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 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Ovarian Cancer Alliance of Greater Cincinnati ($310k), Cardiovascular Center of Sarasota Foundation for Research and Educat ($310k) and Bellevue Hospital Center Inc Auxiliary ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). At year end it held assets of $40k against liabilities of $0, net assets of $40k. It reported 1 employees.