Is Genesis Community Development Center Inc Legit?
Quick charity verification for Genesis Community Development Center Inc (EIN: 200493044)
Verdict: Genesis Community Development Center Inc appears trustworthy
80/100Mission Score
$200KRevenue
$339KAssets
1Red Flags
4Strengths
Red Flags
Unexplained $0 revenue in 2022 filing while incurring $95,801 in expenses.
Strengths
Consistent asset growth from $113,249 in 2014 to $265,892 in 2023, indicating financial stability.
No reported officer compensation across all filings, suggesting a strong commitment to directing funds to mission.
Positive net income in the latest 2023 filing ($181,107 revenue vs. $119,873 expenses).
Consistent IRS 990 filing history, demonstrating transparency and compliance.
Spending Breakdown
How Genesis Community Development Center Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Genesis Community Development Center Inc
Is Genesis Community Development Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis Community Development Center Inc (EIN: 200493044) appears trustworthy. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
Is Genesis Community Development Center Inc a good charity to donate to?
Genesis Community Development Center Inc has a Mission Score of 80/100. Revenue: $200K. Assets: $339K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Genesis Community Development Center Inc?
The Employer Identification Number (EIN) for Genesis Community Development Center Inc is 200493044. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Genesis Community Development Center Inc spend its money?
Genesis Community Development Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Genesis Community Development Center Inc's tax-exempt status?
You can verify Genesis Community Development Center Inc's tax-exempt status using EIN 200493044 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Genesis Community Development Center Inc demonstrates a generally stable financial position, with assets consistently exceeding liabilities, indicating good solvency. The organization reported $181,107 in revenue and $119,873 in expenses in its latest 2023 filing, resulting in a surplus. However, there was a notable period in 2022 where revenue was reported as $0 while expenses were $95,801, which could suggest a reporting anomaly or a period of significant reliance on prior reserves. The organization's financial health appears to be recovering from this dip, with a positive net income in 2023.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only gives total expenses. However, the consistent absence of reported officer compensation across all filings suggests a lean operational structure, potentially indicating a high proportion of resources directed towards its mission. The organization's assets have shown growth over the years, from $113,249 in 2014 to $265,892 in 2023, demonstrating financial accumulation.
Transparency is generally good given the consistent filing of IRS Form 990s. The lack of reported officer compensation enhances transparency by showing that leadership is not drawing a salary from the organization, which can be a positive indicator for donors. However, the $0 revenue reported in 2022 without further explanation could be a point of inquiry for a more in-depth transparency review.