Genesis Center
Genesis Center: Strong Program Spending, Consistent Growth
EIN: 223001721 · Providence, RI · NTEE: P84Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $4.2M |
| Program Spending | 86% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $5.2M |
| Transparency Score | 85/100 |
Is Genesis Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis Center directs 86% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genesis Center
Genesis Center (EIN: 223001721) is a nonprofit organization based in Providence, RI, classified under NTEE code P84Z. The organization reported total revenue of $4.8M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Center is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$678K |
| Total Assets | $5.5M |
| Total Liabilities | $281K |
| Net Assets | $5.2M |
| Operating Margin | 13.8% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Genesis Center reported a surplus of $678K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Genesis Center's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +9.7% | +10.5% |
| 2022 | +12.9% | +8.6% | +4.4% |
| 2021 | +10.2% | +19.9% | +19.9% |
| 2020 | +23.0% | +13.1% | +19.7% |
| 2019 | +16.8% | +21.6% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Genesis Center 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: 8%
- programs: 86%
- fundraising: 6%
According to IRS 990 filings, Genesis Center allocates its expenses as follows: admin: 8%, programs: 86%, fundraising: 6%. With 86% 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 $678K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting leadership is either volunteer-based or compensated through an unstated mechanism not captured in these specific disclosures.
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 Genesis Center's IRS 990 filings:
- Lack of detailed program service accomplishments in the provided data makes it difficult to assess specific impact.
- The consistent $0 executive compensation warrants further investigation to understand the leadership compensation model.
Strengths
The following positive indicators were identified for Genesis Center:
- High percentage of expenses dedicated to programs (86% in 2023).
- Consistent revenue growth from $2,056,708 in 2016 to $4,913,445 in 2023.
- Healthy asset growth from $2,375,277 in 2016 to $5,496,343 in 2023.
- Low fundraising expenses, indicating efficient donor acquisition/retention.
Frequently Asked Questions about Genesis Center
Is Genesis Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis Center (EIN: 223001721) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Genesis Center spend its money?
Genesis Center directs 86% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Genesis Center tax-deductible?
Genesis Center is registered as a tax-exempt nonprofit (EIN: 223001721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Genesis Center CEO make?
Genesis Center's highest-compensated officer earns $0 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Genesis Center's spending goes to programs?
Genesis Center directs 86% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Genesis Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Genesis Center is above average for NTEE category P84Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Genesis Center located?
Genesis Center is headquartered in Providence, Rhode Island and files with the IRS under EIN 223001721. It is classified under NTEE code P84Z.
How many years of IRS 990 filings does Genesis Center have?
Genesis Center 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 $4.8M in total revenue.
What does Genesis Center do?
Genesis Center is a nonprofit organization in the Human Services sector, located in Providence, Rhode Island. It is classified under NTEE code P84Z.
How much revenue does Genesis Center have?
Genesis Center reported total revenue of $4,773,613. Based on 13 IRS 990 filings on record.
What are Genesis Center's total assets?
Genesis Center holds total assets of $6,375,576 as reported in IRS 990 filings.
Where is Genesis Center located?
Genesis Center is based in Providence, Rhode Island.
What is Genesis Center's EIN?
Genesis Center's Employer Identification Number (EIN) is 223001721. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Genesis Center?
Genesis Center is classified under NTEE code P84Z (Human Services).
Is Genesis Center a registered 501(c)(3)?
Yes, Genesis Center is recognized as a tax-exempt organization by the IRS. EIN: 223001721.
Does Genesis Center file IRS Form 990?
Yes, Genesis Center has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Genesis Center's revenue in 2023?
In the 202308 filing period, Genesis Center reported total revenue of $4,913,445, total expenses of $4,235,177, and net assets of $5,496,343.
Is Genesis Center's revenue growing or declining?
Genesis Center's revenue is growing. Revenue went from $4,320,628 (202208) to $4,913,445 (202308), a +13.7% change. Based on 13 filings on record.
What is Genesis Center's most recent 990 filing?
The most recent IRS Form 990 filing for Genesis Center covers tax period 202308. It shows revenue of $4,913,445, expenses of $4,235,177, total assets of $5,496,343, and liabilities of $280,602.
How much does Genesis Center spend on programs vs administration?
Based on IRS 990 analysis, Genesis Center allocates approximately 86% of expenses to program services, 8% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Genesis Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Genesis Center appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Genesis Center?
The following concerns were identified: Lack of detailed program service accomplishments in the provided data makes it difficult to assess specific impact.. The consistent $0 executive compensation warrants further investigation to understand the leadership compensation model.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Genesis Center's strengths?
Positive indicators for Genesis Center include: High percentage of expenses dedicated to programs (86% in 2023).. Consistent revenue growth from $2,056,708 in 2016 to $4,913,445 in 2023.. Healthy asset growth from $2,375,277 in 2016 to $5,496,343 in 2023.. Low fundraising expenses, indicating efficient donor acquisition/retention.. These findings are derived from AI analysis of the organization's financial filings.
How does Genesis Center compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting leadership is either volunteer-based or compensated through an unstated mechanism not captured in these specific disclosures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does Genesis Center attract and retain qualified leadership to manage its growing operations and assets?
The consistent reporting of $0 for officer, director, trustee, and key employee compensation suggests that leadership may be entirely volunteer-based, compensated through a related entity not disclosed in these filings, or that the individuals holding these roles are compensated through other means not categorized as direct compensation from the nonprofit itself. Further inquiry into their governance and operational structure would be necessary to fully understand this model.
Filing History
IRS 990 filing history for Genesis Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genesis Center's revenue has grown by 129.3%, moving from $2.1M to $4.9M. Total assets increased by 196.4% over the same period, from $1.9M to $5.5M. Total functional expenses rose by 108.1%, from $2.0M to $4.2M. In its most recent filing year (2023), Genesis Center reported a surplus of $678K, with revenue exceeding expenses. The organization holds $281K in liabilities against $5.5M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $4.2M | $5.5M | $281K | — | View 990 |
| 2022 | $4.3M | $3.9M | $5.0M | $514K | — | View 990 |
| 2021 | $3.8M | $3.6M | $4.8M | $520K | — | View 990 |
| 2020 | $3.5M | $3.0M | $4.0M | $232K | — | View 990 |
| 2019 | $2.8M | $2.6M | $3.3M | $243K | — | View 990 |
| 2018 | $2.4M | $2.2M | $3.1M | $199K | — | View 990 |
| 2017 | $2.6M | $2.0M | $2.8M | $243K | — | View 990 |
| 2016 | $2.1M | $1.9M | $2.4M | $428K | — | View 990 |
| 2015 | $2.0M | $1.8M | $2.1M | $441K | — | View 990 |
| 2014 | $1.9M | $2.0M | $2.0M | $445K | — | View 990 |
| 2013 | $1.9M | $1.9M | $2.0M | $475K | — | View 990 |
| 2012 | $1.9M | $1.8M | $2.0M | $400K | — | View 990 |
| 2011 | $2.1M | $2.0M | $1.9M | $511K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $4.2M, and assets of $5.5M (revenue +13.7% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.9M, and assets of $5.0M (revenue +12.9% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.6M, and assets of $4.8M (revenue +10.2% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.0M, and assets of $4.0M (revenue +23.0% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.6M, and assets of $3.3M (revenue +16.8% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.2M, and assets of $3.1M (revenue -6.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.0M, and assets of $2.8M (revenue +26.3% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.9M, and assets of $2.4M (revenue +2.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $2.1M (revenue +5.7% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $2.0M (revenue -0.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $2.0M (revenue -1.7% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $2.0M (revenue -9.9% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.0M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Center:
Data Sources and Methodology
This transparency report for Genesis Center 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.