Genera Corporation
Genera Corporation maintains stable operations with growing assets and no reported officer compensation.
EIN: 20441757 · Laconia, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $165K |
| Total Expenses | $111K |
| Program Spending | 80% |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Genera Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genera Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genera Corporation
Genera Corporation (EIN: 20441757) is a nonprofit organization based in Laconia, NH. The organization reported total revenue of $165K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genera Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genera Corporation is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $111K |
| Surplus / Deficit | +$12K |
| Total Assets | $3.5M |
| Total Liabilities | $144K |
| Net Assets | $3.4M |
| Operating Margin | 10.0% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 383.7 months |
Financial Health Grade: A
In 2023, Genera Corporation reported a surplus of $12K with revenue exceeding expenses, holds 383.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Genera Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | -1.2% | +1.8% |
| 2022 | -94.2% | +2.0% | +2.5% |
| 2021 | +1486.8% | -4.3% | +96.9% |
| 2020 | +0.2% | -21.1% | +1.5% |
| 2019 | +1.2% | -18.8% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Genera Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Genera Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Genera Corporation consistently reports 0% officer compensation across all available filings, indicating a volunteer-led or extremely lean executive structure, which is highly favorable for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Genera Corporation's IRS 990 filings:
- NTEE Code is unknown, making it difficult to categorize and compare the organization's mission and impact.
- Significant revenue fluctuation in 2021 without clear explanation in provided data, potentially indicating reliance on sporadic large contributions.
Strengths
The following positive indicators were identified for Genera Corporation:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship and low administrative burden.
- Substantial and growing asset base, increasing from $1.8 million in 2014 to $3.5 million in 2023, demonstrating financial stability.
- Expenses generally well below or in line with revenue, indicating responsible spending.
- Low liabilities in most years, suggesting good financial health and minimal debt.
Frequently Asked Questions about Genera Corporation
Is Genera Corporation a legitimate charity?
Genera Corporation (EIN: 20441757) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $165K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Genera Corporation spend its money?
Genera Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Genera Corporation tax-deductible?
Genera Corporation is registered as a tax-exempt nonprofit (EIN: 20441757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Genera Corporation's spending goes to programs?
Genera Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Genera Corporation located?
Genera Corporation is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20441757.
How many years of IRS 990 filings does Genera Corporation have?
Genera Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $165K in total revenue.
What is the primary mission or program Genera Corporation supports?
The provided data does not specify Genera Corporation's NTEE code or detailed program descriptions, making it difficult to ascertain its primary mission or programs.
Why did Genera Corporation's revenue spike to over $1.8 million in 2021?
The filing for Period 202106 shows a revenue of $1,810,608, significantly higher than other years. This could be due to a large one-time donation, a grant, or an unusual income event, which would require reviewing the full 990 filing for details.
What caused the increase in liabilities to $143,846 in 2023?
Liabilities increased from $92,569 in 2022 to $143,846 in 2023. This change warrants further investigation into the nature of these liabilities, such as new debt, deferred revenue, or accounts payable, by examining the 2023 IRS 990 filing.
Filing History
IRS 990 filing history for Genera Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genera Corporation's revenue has grown by 9.7%, moving from $112K to $123K. Total assets increased by 91.6% over the same period, from $1.8M to $3.5M. Total functional expenses fell by 20.5%, from $139K to $111K. In its most recent filing year (2023), Genera Corporation reported a surplus of $12K, with revenue exceeding expenses. The organization holds $144K in liabilities against $3.5M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $111K | $3.5M | $144K | — | View 990 |
| 2022 | $104K | $112K | $3.5M | $93K | — | View 990 |
| 2021 | $1.8M | $110K | $3.4M | $0 | — | View 990 |
| 2020 | $114K | $115K | $1.7M | $34K | — | — |
| 2019 | $114K | $145K | $1.7M | $7K | — | View 990 |
| 2018 | $112K | $179K | $1.7M | $1K | — | View 990 |
| 2017 | $111K | $148K | $1.8M | $71 | — | View 990 |
| 2016 | $231K | $168K | $1.8M | $11K | — | View 990 |
| 2015 | $111K | $176K | $1.8M | $6K | — | View 990 |
| 2014 | $125K | $164K | $1.8M | $2K | — | View 990 |
| 2013 | $113K | $141K | $1.9M | $26K | — | View 990 |
| 2012 | $199K | $145K | $1.9M | $0 | — | View 990 |
| 2011 | $112K | $139K | $1.8M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $111K, and assets of $3.5M (revenue +17.8% year-over-year).
- 2022: Revenue of $104K, expenses of $112K, and assets of $3.5M (revenue -94.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $110K, and assets of $3.4M (revenue +1486.8% year-over-year).
- 2020: Revenue of $114K, expenses of $115K, and assets of $1.7M (revenue +0.2% year-over-year).
- 2019: Revenue of $114K, expenses of $145K, and assets of $1.7M (revenue +1.2% year-over-year).
- 2018: Revenue of $112K, expenses of $179K, and assets of $1.7M (revenue +1.7% year-over-year).
- 2017: Revenue of $111K, expenses of $148K, and assets of $1.8M (revenue -52.0% year-over-year).
- 2016: Revenue of $231K, expenses of $168K, and assets of $1.8M (revenue +107.1% year-over-year).
- 2015: Revenue of $111K, expenses of $176K, and assets of $1.8M (revenue -10.6% year-over-year).
- 2014: Revenue of $125K, expenses of $164K, and assets of $1.8M (revenue +10.2% year-over-year).
- 2013: Revenue of $113K, expenses of $141K, and assets of $1.9M (revenue -43.1% year-over-year).
- 2012: Revenue of $199K, expenses of $145K, and assets of $1.9M (revenue +77.5% year-over-year).
- 2011: Revenue of $112K, expenses of $139K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genera Corporation:
Data Sources and Methodology
This transparency report for Genera Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.