Genesis Community Development Center Inc
Genesis Community Development Center Inc shows consistent asset growth and no reported officer compensation, despite a revenue dip in 2022.
EIN: 200493044 · Durant, MS · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $120K |
| Program Spending | 85% |
| Net Assets | $266K |
| Transparency Score | 80/100 |
Is Genesis Community Development Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis Community Development Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genesis Community Development Center Inc
Genesis Community Development Center Inc (EIN: 200493044) is a nonprofit organization based in Durant, MS, classified under NTEE code P33. The organization reported total revenue of $200K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Community Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Community Development Center Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $120K |
| Surplus / Deficit | +$61K |
| Total Assets | $266K |
| Net Assets | $266K |
| Operating Margin | 33.8% |
| Months of Reserves | 26.6 months |
Financial Health Grade: A
In 2023, Genesis Community Development Center Inc reported a surplus of $61K with revenue exceeding expenses, holds 26.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Genesis Community Development Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | +33.8% | -31.9% |
| 2021 | +41.6% | -14.3% | +19.6% |
| 2020 | -39.7% | -17.7% | +0.7% |
| 2019 | -5.3% | +0.5% | +19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Community Development Center Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Genesis Community Development Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $61K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization. This suggests a volunteer-led or very lean leadership structure, which is highly favorable for directing funds towards programmatic activities.
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 Community Development Center Inc's IRS 990 filings:
- Unexplained $0 revenue in 2022 filing while incurring $95,801 in expenses.
Strengths
The following positive indicators were identified for Genesis Community Development Center Inc:
- 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.
Frequently Asked Questions about Genesis Community Development Center Inc
Is Genesis Community Development Center Inc a legitimate charity?
Genesis Community Development Center Inc (EIN: 200493044) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $200K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Genesis Community Development Center Inc spend its money?
Genesis Community Development Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Genesis Community Development Center Inc tax-deductible?
Genesis Community Development Center Inc is registered as a tax-exempt nonprofit (EIN: 200493044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Genesis Community Development Center Inc's spending goes to programs?
Genesis Community Development Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Genesis Community Development Center Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Genesis Community Development Center Inc is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Genesis Community Development Center Inc located?
Genesis Community Development Center Inc is headquartered in Durant, Mississippi and files with the IRS under EIN 200493044. It is classified under NTEE code P33.
How many years of IRS 990 filings does Genesis Community Development Center Inc have?
Genesis Community Development Center Inc 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 $200K in total revenue.
What caused the $0 revenue reported in the 2022 fiscal period?
The IRS 990 filing for 2022 shows $0 in revenue against $95,801 in expenses. This could be due to a reporting error, a significant delay in grant funding, or the organization operating entirely on reserves from previous years. Further clarification from the organization would be needed.
How does Genesis Community Development Center Inc sustain operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not reported on the 990, such as through a related entity. This structure can allow a greater proportion of funds to be allocated to programs.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data only includes total expenses. A detailed breakdown would be necessary to accurately assess the organization's spending efficiency and ensure a high percentage of funds are directed towards its mission.
Filing History
IRS 990 filing history for Genesis Community Development Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genesis Community Development Center Inc's revenue has grown by 45.1%, moving from $125K to $181K. Total assets increased by 272.4% over the same period, from $71K to $266K. Total functional expenses rose by 1.9%, from $118K to $120K. In its most recent filing year (2023), Genesis Community Development Center Inc reported a surplus of $61K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $120K | $266K | $0 | — | View 990 |
| 2022 | $0 | $96K | $205K | $0 | — | View 990 |
| 2021 | $121K | $72K | $300K | $0 | — | View 990 |
| 2020 | $85K | $84K | $251K | $0 | — | — |
| 2019 | $141K | $102K | $249K | $0 | — | View 990 |
| 2018 | $149K | $101K | $210K | $0 | — | View 990 |
| 2017 | $133K | $108K | $161K | $0 | — | View 990 |
| 2016 | $113K | $112K | $137K | $0 | — | View 990 |
| 2015 | $116K | $94K | $135K | $0 | — | View 990 |
| 2014 | $127K | $99K | $113K | $0 | — | View 990 |
| 2013 | $107K | $96K | $85K | $0 | — | View 990 |
| 2012 | $128K | $117K | $74K | $0 | — | View 990 |
| 2011 | $125K | $118K | $71K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $120K, and assets of $266K.
- 2022: Revenue of $0, expenses of $96K, and assets of $205K (revenue -100.0% year-over-year).
- 2021: Revenue of $121K, expenses of $72K, and assets of $300K (revenue +41.6% year-over-year).
- 2020: Revenue of $85K, expenses of $84K, and assets of $251K (revenue -39.7% year-over-year).
- 2019: Revenue of $141K, expenses of $102K, and assets of $249K (revenue -5.3% year-over-year).
- 2018: Revenue of $149K, expenses of $101K, and assets of $210K (revenue +12.4% year-over-year).
- 2017: Revenue of $133K, expenses of $108K, and assets of $161K (revenue +17.3% year-over-year).
- 2016: Revenue of $113K, expenses of $112K, and assets of $137K (revenue -2.1% year-over-year).
- 2015: Revenue of $116K, expenses of $94K, and assets of $135K (revenue -8.5% year-over-year).
- 2014: Revenue of $127K, expenses of $99K, and assets of $113K (revenue +17.9% year-over-year).
- 2013: Revenue of $107K, expenses of $96K, and assets of $85K (revenue -15.9% year-over-year).
- 2012: Revenue of $128K, expenses of $117K, and assets of $74K (revenue +2.4% year-over-year).
- 2011: Revenue of $125K, expenses of $118K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Community Development Center Inc:
Data Sources and Methodology
This transparency report for Genesis Community Development Center Inc 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.