Generating Income for Tomorrow

Analysis

Generating Income for Tomorrow is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 April 2022, Generating Income for Tomorrow reported income of $1.1m and spending of $981k, spending 87% of its income. Across the 3 years on record, from December 2020 to April 2022, income grew from $201k to $1.1m (+463%), an average of +137% a year. The sharpest change came in the year to April 2022, when income rose by 369%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Generating Income for Tomorrow sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Consumer Technology Association Foundation ($1.1m), Neighborhood Design Center ($1.1m) and Freedom Academy Inc ($1.1m).

On its Form 990 for the period ending April 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $201k (20% of expenses). Other salaries and wages came to $13k. It paid $21k in professional fundraising fees. At year end it held assets of $296k against liabilities of $9,275, net assets of $287k.