Genesis Healthcare Inc
Genesis Healthcare Inc. shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 10932846 · Columbia, SC · NTEE: E30 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $65.9M |
| Total Expenses | $45.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $65 |
| Net Assets | $114.1M |
| Transparency Score | 90/100 |
Is Genesis Healthcare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis Healthcare Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genesis Healthcare Inc
Genesis Healthcare Inc (EIN: 10932846) is a nonprofit organization based in Columbia, SC, classified under NTEE code E30. The organization reported total revenue of $65.9M and total assets of $146.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Healthcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Healthcare Inc is a major nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65.0M |
| Total Expenses | $45.3M |
| Surplus / Deficit | +$19.7M |
| Total Assets | $119.5M |
| Total Liabilities | $5.4M |
| Net Assets | $114.1M |
| Operating Margin | 30.3% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 31.7 months |
Financial Health Grade: A
In 2023, Genesis Healthcare Inc reported a surplus of $19.7M with revenue exceeding expenses, holds 31.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Genesis Healthcare Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.3% | +20.1% | +18.9% |
| 2022 | +1.6% | +12.4% | +15.7% |
| 2021 | +14.9% | +24.0% | +30.5% |
| 2020 | +14.1% | +7.6% | +37.0% |
| 2019 | +15.8% | +12.0% | +51.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
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 Healthcare Inc with a Mission Score of 90 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, Genesis Healthcare Inc 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 $19.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Genesis Healthcare Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue ($65 million in 2023). This suggests either a volunteer-led executive team or that executive compensation is categorized differently within their financial reporting, warranting further investigation for complete transparency.
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 Healthcare Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Genesis Healthcare Inc:
- 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.
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) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Genesis Healthcare Inc spend its money?
Genesis Healthcare Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Genesis Healthcare Inc tax-deductible?
Genesis Healthcare Inc is registered as a tax-exempt nonprofit (EIN: 10932846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Genesis Healthcare Inc CEO make?
Genesis Healthcare Inc's highest-compensated officer earns $65 annually. The organization reported $65.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Genesis Healthcare Inc's spending goes to programs?
Genesis Healthcare Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Genesis Healthcare Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Genesis Healthcare Inc is above average for NTEE category E30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Genesis Healthcare Inc located?
Genesis Healthcare Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 10932846. It is classified under NTEE code E30.
How many years of IRS 990 filings does Genesis Healthcare Inc have?
Genesis Healthcare 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 $65.9M in total revenue.
Is Genesis Healthcare Inc. a good charity?
Based on its consistent revenue growth, strong asset accumulation, and reported 0% officer compensation, Genesis Healthcare Inc. appears to be a very well-managed and efficient organization. Its financial health is robust, and it seems highly dedicated to its mission, making it a strong candidate for a 'good charity' assessment.
How has Genesis Healthcare Inc.'s revenue grown over time?
Genesis Healthcare Inc. has experienced remarkable revenue growth, increasing from $10,843,487 in 2014 to $65,038,533 in 2023, representing an increase of over 500% in less than a decade.
What is the organization's financial stability?
The organization demonstrates excellent financial stability, with assets of $119,491,237 significantly outweighing liabilities of $5,370,365 in 2023, indicating a strong balance sheet and ample reserves.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It could mean that executive roles are entirely volunteer-based, or that compensation is reported under different expense categories, or that the organization has a unique operational structure. This warrants further inquiry for a complete understanding.
Filing History
IRS 990 filing history for Genesis Healthcare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genesis Healthcare Inc's revenue has grown by 1078.2%, moving from $5.5M to $65.0M. Total assets increased by 1853.2% over the same period, from $6.1M to $119.5M. Total functional expenses rose by 765.8%, from $5.2M to $45.3M. In its most recent filing year (2023), Genesis Healthcare Inc reported a surplus of $19.7M, with revenue exceeding expenses. The organization holds $5.4M in liabilities against $119.5M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $114.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65.0M | $45.3M | $119.5M | $5.4M | — | View 990 |
| 2022 | $53.6M | $37.7M | $100.5M | $6.5M | — | View 990 |
| 2021 | $52.8M | $33.5M | $86.8M | $6.1M | — | — |
| 2020 | $45.9M | $27.1M | $66.6M | $5.0M | — | View 990 |
| 2019 | $40.2M | $25.1M | $48.6M | $5.9M | — | View 990 |
| 2018 | $34.8M | $22.4M | $32.2M | $4.6M | — | View 990 |
| 2017 | $26.4M | $20.1M | $19.6M | $4.4M | — | View 990 |
| 2016 | $21.6M | $17.9M | $14.0M | $5.0M | — | View 990 |
| 2015 | $15.4M | $12.5M | $10.3M | $5.1M | — | View 990 |
| 2014 | $10.8M | $9.6M | $7.8M | $5.5M | — | View 990 |
| 2013 | $9.1M | $9.1M | $6.8M | $5.8M | — | View 990 |
| 2012 | $9.8M | $8.8M | $7.5M | $5.7M | — | View 990 |
| 2011 | $5.5M | $5.2M | $6.1M | $6.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65.0M, expenses of $45.3M, and assets of $119.5M (revenue +21.3% year-over-year).
- 2022: Revenue of $53.6M, expenses of $37.7M, and assets of $100.5M (revenue +1.6% year-over-year).
- 2021: Revenue of $52.8M, expenses of $33.5M, and assets of $86.8M (revenue +14.9% year-over-year).
- 2020: Revenue of $45.9M, expenses of $27.1M, and assets of $66.6M (revenue +14.1% year-over-year).
- 2019: Revenue of $40.2M, expenses of $25.1M, and assets of $48.6M (revenue +15.8% year-over-year).
- 2018: Revenue of $34.8M, expenses of $22.4M, and assets of $32.2M (revenue +31.6% year-over-year).
- 2017: Revenue of $26.4M, expenses of $20.1M, and assets of $19.6M (revenue +22.1% year-over-year).
- 2016: Revenue of $21.6M, expenses of $17.9M, and assets of $14.0M (revenue +40.5% year-over-year).
- 2015: Revenue of $15.4M, expenses of $12.5M, and assets of $10.3M (revenue +41.9% year-over-year).
- 2014: Revenue of $10.8M, expenses of $9.6M, and assets of $7.8M (revenue +19.2% year-over-year).
- 2013: Revenue of $9.1M, expenses of $9.1M, and assets of $6.8M (revenue -6.9% year-over-year).
- 2012: Revenue of $9.8M, expenses of $8.8M, and assets of $7.5M (revenue +77.1% year-over-year).
- 2011: Revenue of $5.5M, expenses of $5.2M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Healthcare Inc:
Data Sources and Methodology
This transparency report for Genesis Healthcare 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.