Genesis House- a New Beginning

Analysis

Genesis House- a New Beginning is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, 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, Genesis House- a New Beginning reported income of $167k and spending of $64k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $167k (+130%), an average of +130% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis House- a New Beginning sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Wahlbangers Drum Circle ($167k), Mercy Kansas Communities Inc ($167k) and Tennessee Orthopaedic Foundation for Education and Research Tofer ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $85k against liabilities of $31k, net assets of $53k.