Genomics Organization for Academic Laboratories

Analysis

Genomics Organization for Academic Laboratories is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Genomics Organization for Academic Laboratories reported income of $101k and spending of $194k, spending 191% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $101k (-90%), an average of -69% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genomics Organization for Academic Laboratories sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within DE. Charities of a similar size with the same main cause include St Luke Conference ($101k), Indiana Brethren Charity Fund Inc ($101k) and Hope Fund of Penns Valley ($101k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 79% of the total. At year end it held assets of $978k against liabilities of $216k, net assets of $763k.