Unusually low (0%) reported officer compensation for an organization of this size, which may obscure how executive leadership is compensated or structured.
Strengths
Consistent and significant revenue growth over the past decade, indicating strong fundraising and program expansion.
Robust financial health with assets far exceeding liabilities, demonstrating strong financial management and stability.
High efficiency in spending, with expenses consistently well below revenue, leading to substantial asset accumulation.
Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency.
Strong asset growth, from $7.8 million in 2014 to $119.4 million in 2023, indicating effective long-term financial planning.
Spending Breakdown
How Genesis Healthcare Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Healthcare Inc
Is Genesis Healthcare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis Healthcare Inc (EIN: 10932846) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Genesis Healthcare Inc a good charity to donate to?
Genesis Healthcare Inc has a Mission Score of 90/100. Revenue: $65.9M. Assets: $146.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Genesis Healthcare Inc?
The Employer Identification Number (EIN) for Genesis Healthcare Inc is 10932846. 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 Healthcare Inc spend its money?
Genesis Healthcare Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Genesis Healthcare Inc's tax-exempt status?
You can verify Genesis Healthcare Inc's tax-exempt status using EIN 10932846 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 Healthcare Inc. demonstrates strong financial growth and appears to be in excellent financial health. Over the past decade, the organization has consistently increased its revenue, from $10.8 million in 2014 to over $65 million in 2023, indicating robust expansion and fundraising capabilities. Its assets have also grown significantly, reaching $119.4 million in 2023, far exceeding its liabilities of $5.3 million, which suggests a very stable financial position and strong asset management.
The organization's spending efficiency is commendable, with expenses consistently lower than revenue, allowing for substantial accumulation of assets. For instance, in 2023, expenses were $45.2 million against $65.0 million in revenue, resulting in a significant surplus. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice suggests a highly efficient and mission-focused operational model.
Overall, Genesis Healthcare Inc. exhibits strong financial management, impressive growth, and a high degree of transparency regarding executive compensation. Its financial trajectory suggests a well-managed and impactful organization capable of sustaining its operations and expanding its reach.