Genesys Works Group Return

Analysis

Genesys Works Group Return is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Genesys Works Group Return reported income of $25.9m and spending of $25.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.9m to $25.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Genesys Works Group Return sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Times Square District Management Association ($25.9m), Medical Education Resources Inc ($25.9m) and Washington Association of Sheriffs and Police Chiefs ($25.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $904k (3.6% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $13.0m against liabilities of $2.9m, net assets of $10.2m. It reported 1,541 employees.