Genesis Radio Network Inc
Genesis Radio Network Inc. maintains stable assets with fluctuating revenues and no reported officer compensation.
EIN: 202307367 · Pembroke Pnes, FL · NTEE: X84 · Updated: 2026-03-28
Is Genesis Radio Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis Radio Network Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genesis Radio Network Inc
Genesis Radio Network Inc (EIN: 202307367) is a nonprofit organization based in Pembroke Pnes, FL, classified under NTEE code X84. The organization reported total revenue of $1.2M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Radio Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Genesis Radio Network Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Genesis Radio Network Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Genesis Radio Network Inc. consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing resources towards its mission rather than executive salaries, which is highly commendable for an organization of its size with revenues often exceeding $1 million.
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 Radio Network Inc's IRS 990 filings:
- Occasional periods where expenses exceed revenue, such as in 2023 ($1,429,005 expenses vs. $1,391,974 revenue) and 2020 ($1,453,553 expenses vs. $1,191,199 revenue), suggesting tight operating margins.
Strengths
The following positive indicators were identified for Genesis Radio Network Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating strong financial transparency and mission focus.
- Stable asset base, consistently around $2 million, providing a solid financial foundation.
- Long history of IRS 990 filings (12 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Genesis Radio Network Inc
Is Genesis Radio Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis Radio Network Inc (EIN: 202307367) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Genesis Radio Network Inc spend its money?
Genesis Radio Network Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Genesis Radio Network Inc tax-deductible?
Genesis Radio Network Inc is registered as a tax-exempt nonprofit (EIN: 202307367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Genesis Radio Network Inc. financially stable?
Yes, the organization appears financially stable with consistent assets around $2 million and liabilities that are manageable, although it has experienced periods where expenses slightly exceeded revenue, such as in 2023 and 2020.
Does Genesis Radio Network Inc. pay its executives well?
No, Genesis Radio Network Inc. consistently reports 0% officer compensation in its IRS 990 filings, indicating that no salaries are paid to its officers.
How has Genesis Radio Network Inc.'s revenue trended over time?
Revenue has fluctuated over the past decade, ranging from a high of $2,229,560 in 2013 to a low of $1,191,199 in 2020, with the latest reported revenue in 2023 at $1,391,974.
Are there any concerns about the organization's liabilities?
Liabilities have varied, but at $598,923 in 2023 against assets of $1,990,879, they appear to be well-covered by the organization's assets, indicating no immediate concern.
Filing History
IRS 990 filing history for Genesis Radio Network Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Genesis Radio Network Inc's revenue has declined by 35.4%, moving from $2.2M to $1.4M. Total assets decreased by 4.7% over the same period, from $2.1M to $2.0M. Total functional expenses fell by 26.7%, from $1.9M to $1.4M. In its most recent filing year (2023), Genesis Radio Network Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $599K in liabilities against $2.0M in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $2.0M | $599K | — | — |
| 2022 | $1.4M | $1.4M | $2.0M | $572K | — | View 990 |
| 2021 | $1.5M | $1.4M | $2.1M | $752K | — | View 990 |
| 2020 | $1.2M | $1.5M | $2.0M | $774K | — | View 990 |
| 2019 | $1.5M | $1.5M | $2.0M | $484K | — | View 990 |
| 2018 | $1.6M | $1.5M | $2.0M | $488K | — | View 990 |
| 2016 | $2.1M | $2.0M | $1.9M | $656K | — | View 990 |
| 2015 | $1.9M | $1.9M | $1.9M | $724K | — | View 990 |
| 2014 | $1.9M | $1.8M | $2.4M | $734K | — | View 990 |
| 2013 | $2.2M | $2.1M | $2.4M | $499K | — | View 990 |
| 2012 | $2.2M | $2.2M | $2.1M | $358K | — | View 990 |
| 2011 | $2.2M | $1.9M | $2.1M | $410K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $2.0M (revenue -3.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $2.0M (revenue -5.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $2.1M (revenue +28.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.5M, and assets of $2.0M (revenue -22.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $2.0M (revenue -5.7% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $2.0M (revenue -22.9% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $1.9M (revenue +11.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $1.9M (revenue +0.9% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.8M, and assets of $2.4M (revenue -15.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.1M, and assets of $2.4M (revenue +0.2% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $2.1M (revenue +3.3% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.9M, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Genesis Radio Network 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.