Genki Inc

Analysis

Genki Inc is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in February 2017, 9 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 June 2024, Genki Inc reported income of $532k and spending of $492k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $423k to $532k (+26%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genki Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Kathys House Inc ($532k), Gan Israel Preschool ($532k) and Friends of Georgica Pond Foundation Inc ($532k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $379k. At year end it held assets of $155k against liabilities of $0, net assets of $155k. It reported 31 employees.