Genesis Preschool Ministries a NJ Nonprofit Corporation

Analysis

Genesis Preschool Ministries a NJ Nonprofit Corporation is a registered charity in United States, based in Irvington, NJ. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Preschool Ministries a NJ Nonprofit Corporation reported income of $200k and spending of $216k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $111k to $200k (+81%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Genesis Preschool Ministries a NJ Nonprofit Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Lu Tech Institute Inc ($200k), Texas Court Clerks Association Incorporated ($200k) and Claflin Qalicb Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $304k against liabilities of $80k, net assets of $224k.