Genesis Program Inc

Analysis

Genesis Program Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Genesis Program Inc reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income rose by 180%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Program Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Southeast Asian Community Alliance ($1.1m), Society of St Vincent de Paul of Monroe Inc ($1.1m) and A Kids Place Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $275k (24% of expenses). Other salaries and wages came to $269k. At year end it held assets of $2.8m against liabilities of $18k, net assets of $2.8m. It reported 9 employees.