Genesis Institute

Analysis

Genesis Institute is a registered charity in United States, based in Spokane Vly, WA. It received its IRS tax-exemption ruling in July 1995, 31 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 December 2023, Genesis Institute reported income of $163k and spending of $69k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $518k to $163k (-69%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Genesis Institute sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include Lifegate Services ($163k), Lorena Shepherds Heart ($163k) and Team See Possibilities ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 6.6% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.