Genesis Womens Shelter & Support

Analysis

Genesis Womens Shelter & Support is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2021, 5 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 October 2023, Genesis Womens Shelter & Support reported income of $13.2m and spending of $12.6m, spending 96% of its income. Across the 2 years on record, from October 2022 to October 2023, income fell from $46.2m to $13.2m (-71%), an average of -72% a year. The sharpest change came in the year to October 2023, when income dropped by 71%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Womens Shelter & Support sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Just One More Ministry Inc ($13.2m), Family Service Society of Yonkers ($13.2m) and Catholic Charities of the Diocese of Baton Rouge Inc ($13.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $235k (1.9% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $37.0m against liabilities of $2.8m, net assets of $34.3m. It reported 199 employees.