Genesisproject

Analysis

Genesisproject is a registered charity in United States, based in Heber Springs, AR. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Genesisproject reported income of $81k and spending of $73k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $81k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Genesisproject sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within AR. Charities of a similar size with the same main cause include First Church of Religious Science Fullerton California ($81k), Samaritan Medical Foundation ($81k) and Darul Ihsan Cultural Center USA Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.5% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.