Genesis Foundation
Genesis Foundation shows highly volatile revenue but strong asset growth and zero reported officer compensation.
EIN: 203076391 · Colorado Spgs, CO · NTEE: X11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $182K |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.0M |
| Transparency Score | 85/100 |
Is Genesis Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Genesis Foundation
Genesis Foundation (EIN: 203076391) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code X11. The organization reported total revenue of $182K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 44.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $4.0M |
| Net Assets | $4.0M |
| Operating Margin | 48.8% |
| Months of Reserves | 45.6 months |
Financial Health Grade: A
In 2023, Genesis Foundation reported a surplus of $1.0M with revenue exceeding expenses, holds 45.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Genesis Foundation's revenue has grown at a compound annual growth rate (CAGR) of 44.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6567.9% | +76.5% | +33.5% |
| 2022 | -99.1% | +3.2% | -17.4% |
| 2021 | +16751.3% | +180.8% | +340.6% |
| 2020 | -87.5% | -7.8% | -11.5% |
| 2019 | +186.0% | +12.0% | -20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2007 |
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 Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Genesis Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a fully volunteer-led executive team or that compensation falls below reporting thresholds, which is highly favorable for donor confidence and suggests efficient use of funds for a foundation with over $4 million in assets.
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 Foundation's IRS 990 filings:
- Highly volatile revenue streams, making financial planning and sustainability difficult to assess.
- Lack of detailed expense breakdown (program, admin, fundraising) in available data, hindering efficiency analysis.
Strengths
The following positive indicators were identified for Genesis Foundation:
- Consistently reports 0% officer compensation, indicating strong financial stewardship or volunteer leadership.
- Strong asset base, reaching $4,021,783 in 2023, with zero reported liabilities in recent years, demonstrating financial solvency.
- Significant positive net income in some years (e.g., $2,067,776 revenue vs. $1,058,461 expenses in 2023), allowing for asset growth or future program investment.
Frequently Asked Questions about Genesis Foundation
Is Genesis Foundation a legitimate charity?
Genesis Foundation (EIN: 203076391) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $182K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Genesis Foundation spend its money?
Genesis Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Genesis Foundation tax-deductible?
Genesis Foundation is registered as a tax-exempt nonprofit (EIN: 203076391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Genesis Foundation CEO make?
Genesis Foundation's highest-compensated officer earns $4 annually. The organization reported $182K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Genesis Foundation's spending goes to programs?
Genesis Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Genesis Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Genesis Foundation is above average for NTEE category X11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Genesis Foundation located?
Genesis Foundation is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 203076391. It is classified under NTEE code X11.
How many years of IRS 990 filings does Genesis Foundation have?
Genesis Foundation 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 $182K in total revenue.
What causes the extreme year-over-year fluctuations in revenue?
The revenue has varied wildly, from $31,011 in 2022 to $3,503,554 in 2021 and $2,067,776 in 2023. Understanding the sources of this variability (e.g., large grants, specific campaigns) is crucial for assessing financial stability.
How does Genesis Foundation manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation is unusual for an organization with assets exceeding $4 million. This could indicate a volunteer-run leadership or that compensation is paid through a related entity, warranting further clarification.
What is the detailed breakdown of expenses into program, administrative, and fundraising costs?
Without a detailed breakdown of expenses, it's difficult to precisely evaluate the organization's spending efficiency and how much of its budget directly supports its mission. The available data only provides total expenses.
What is the purpose of the significant asset accumulation, reaching $4,021,783 in 2023?
The organization has accumulated substantial assets while maintaining zero liabilities in recent years. Understanding whether these assets are restricted, endowment funds, or for future projects is important for assessing long-term strategy.
Filing History
IRS 990 filing history for Genesis Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genesis Foundation's revenue has grown by 8046.6%, moving from $25K to $2.1M. Total assets increased by 620.9% over the same period, from $558K to $4.0M. Total functional expenses rose by 1691.1%, from $59K to $1.1M. In its most recent filing year (2023), Genesis Foundation reported a surplus of $1.0M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.1M | $4.0M | $0 | — | — |
| 2022 | $31K | $600K | $3.0M | $0 | — | — |
| 2021 | $3.5M | $581K | $3.6M | $0 | — | View 990 |
| 2020 | $21K | $207K | $828K | $104K | — | View 990 |
| 2019 | $166K | $224K | $936K | $0 | — | View 990 |
| 2018 | $58K | $200K | $1.2M | $188K | — | View 990 |
| 2017 | $93K | $433K | $1.3M | $41K | — | View 990 |
| 2016 | $1.2M | $162K | $1.7M | $72K | — | View 990 |
| 2015 | $24K | $65K | $495K | $11K | — | View 990 |
| 2014 | $30K | $59K | $603K | $13K | — | View 990 |
| 2013 | $33K | $35K | $628K | $5K | — | View 990 |
| 2012 | $34K | $44K | $598K | $17K | — | View 990 |
| 2011 | $25K | $59K | $558K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.1M, and assets of $4.0M (revenue +6567.9% year-over-year).
- 2022: Revenue of $31K, expenses of $600K, and assets of $3.0M (revenue -99.1% year-over-year).
- 2021: Revenue of $3.5M, expenses of $581K, and assets of $3.6M (revenue +16751.3% year-over-year).
- 2020: Revenue of $21K, expenses of $207K, and assets of $828K (revenue -87.5% year-over-year).
- 2019: Revenue of $166K, expenses of $224K, and assets of $936K (revenue +186.0% year-over-year).
- 2018: Revenue of $58K, expenses of $200K, and assets of $1.2M (revenue -37.8% year-over-year).
- 2017: Revenue of $93K, expenses of $433K, and assets of $1.3M (revenue -92.2% year-over-year).
- 2016: Revenue of $1.2M, expenses of $162K, and assets of $1.7M (revenue +4957.5% year-over-year).
- 2015: Revenue of $24K, expenses of $65K, and assets of $495K (revenue -21.1% year-over-year).
- 2014: Revenue of $30K, expenses of $59K, and assets of $603K (revenue -9.5% year-over-year).
- 2013: Revenue of $33K, expenses of $35K, and assets of $628K (revenue -1.6% year-over-year).
- 2012: Revenue of $34K, expenses of $44K, and assets of $598K (revenue +32.8% year-over-year).
- 2011: Revenue of $25K, expenses of $59K, and assets of $558K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Foundation:
Data Sources and Methodology
This transparency report for Genesis Foundation 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.