Genesis Recovery Services Inc

Analysis

Genesis Recovery Services Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Genesis Recovery Services Inc reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $677k to $1.6m (+136%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 101%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Genesis Recovery Services Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within AK. Charities of a similar size with the same main cause include Transcending Hope ($1.6m), Happy Haven Homes Inc ($1.6m) and Kids in Need of Dentistry ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $860k. At year end it held assets of $836k against liabilities of $23k, net assets of $814k. It reported 23 employees.