Quick charity verification for Genesis Fund (EIN: 10461436)
Verdict: Genesis Fund appears trustworthy
92/100Mission Score
$7.9MRevenue
$66.6MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program spending breakdown in provided data, making it difficult to fully assess program efficiency without further investigation.
Strengths
Consistent and significant growth in assets, from $13.9M in 2015 to $53.5M in 2024.
Healthy financial surpluses, with revenue consistently exceeding expenses (e.g., $4.78M revenue vs. $2.9M expenses in 2024).
Zero reported officer compensation across all filings, indicating strong dedication to mission.
Positive trend in net assets, demonstrating increasing financial strength and sustainability.
Long filing history (13 filings) suggests established operations and consistent compliance.
Spending Breakdown
How Genesis Fund 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 Fund
Is Genesis Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis Fund (EIN: 10461436) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Genesis Fund a good charity to donate to?
Genesis Fund has a Mission Score of 92/100. Revenue: $7.9M. Assets: $66.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Genesis Fund?
The Employer Identification Number (EIN) for Genesis Fund is 10461436. 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 Fund spend its money?
Genesis Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Genesis Fund's tax-exempt status?
You can verify Genesis Fund's tax-exempt status using EIN 10461436 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 Fund demonstrates strong financial health and consistent growth in assets and revenue over the past decade. In the latest filing (Period 202403), the organization reported revenue of $4,780,412 against expenses of $2,908,668, indicating a healthy surplus. Their assets have grown significantly from $13,901,148 in 2015 to $53,555,012 in 2024, reflecting effective asset management and potentially successful fundraising or investment strategies. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.
While specific program spending details are not provided in the summary data, the consistent surplus of revenue over expenses suggests efficient operations. The growth in assets, particularly the substantial increase in net assets (assets minus liabilities), points to a financially stable and growing organization. The absence of officer compensation is a notable positive for transparency and public trust, as it implies that leadership is either volunteer-based or compensated through other means not classified as 'officer compensation' on the 990, which would warrant further investigation into specific compensation structures if a deeper dive were conducted.
Overall, Genesis Fund appears to be a well-managed and financially robust nonprofit. Their consistent growth, positive financial margins, and reported lack of officer compensation contribute to a favorable assessment of their financial health and transparency. Further analysis of their program expenses would solidify the assessment of their spending efficiency.