Genesis Therapy Center
EIN: 363508233 · Oak Forest, IL · NTEE: F32Z
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Net Assets | $587K |
Is Genesis Therapy Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Genesis Therapy Center
Genesis Therapy Center (EIN: 363508233) is a nonprofit organization based in Oak Forest, IL, classified under NTEE code F32Z. The organization reported total revenue of $1.7M and total assets of $650K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Therapy Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Therapy Center is a mid-size nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$29K |
| Total Assets | $692K |
| Total Liabilities | $105K |
| Net Assets | $587K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 15.2% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Genesis Therapy Center reported a surplus of $29K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 15.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Genesis Therapy Center's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +5.7% | +6.4% |
| 2022 | +12.9% | +8.1% | +23.2% |
| 2021 | +0.6% | +16.1% | +7.9% |
| 2020 | +30.8% | +11.3% | +103.8% |
| 2019 | +4.2% | +7.4% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Genesis Therapy Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Genesis Therapy Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.2%.
Frequently Asked Questions about Genesis Therapy Center
Is Genesis Therapy Center a legitimate charity?
Genesis Therapy Center (EIN: 363508233) is a registered tax-exempt nonprofit based in Illinois. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: A.
How does Genesis Therapy Center spend its money?
Genesis Therapy Center reported $1.7M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Genesis Therapy Center tax-deductible?
Genesis Therapy Center is registered as a tax-exempt nonprofit (EIN: 363508233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Genesis Therapy Center located?
Genesis Therapy Center is headquartered in Oak Forest, Illinois and files with the IRS under EIN 363508233. It is classified under NTEE code F32Z.
How many years of IRS 990 filings does Genesis Therapy Center have?
Genesis Therapy Center has 12 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Genesis Therapy Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Genesis Therapy Center's revenue has grown by 94%, moving from $824K to $1.6M. Total assets increased by 321.8% over the same period, from $164K to $692K. Total functional expenses rose by 90.3%, from $825K to $1.6M. In its most recent filing year (2023), Genesis Therapy Center reported a surplus of $29K, with revenue exceeding expenses. The organization holds $105K in liabilities against $692K in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $587K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $692K | $105K | — | View 990 |
| 2022 | $1.6M | $1.5M | $651K | $92K | — | View 990 |
| 2021 | $1.4M | $1.4M | $528K | $86K | — | View 990 |
| 2020 | $1.4M | $1.2M | $490K | $93K | — | View 990 |
| 2019 | $1.1M | $1.1M | $240K | $70K | — | View 990 |
| 2018 | $1.0M | $991K | $219K | $63K | — | View 990 |
| 2017 | $998K | $993K | $144K | $52K | — | View 990 |
| 2016 | $965K | $976K | $138K | $51K | — | View 990 |
| 2015 | $971K | $962K | $152K | $53K | — | View 990 |
| 2014 | $943K | $972K | $156K | $67K | — | View 990 |
| 2013 | $830K | $831K | $174K | $56K | — | View 990 |
| 2012 | $824K | $825K | $164K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $692K (revenue -0.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $651K (revenue +12.9% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $528K (revenue +0.6% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $490K (revenue +30.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $240K (revenue +4.2% year-over-year).
- 2018: Revenue of $1.0M, expenses of $991K, and assets of $219K (revenue +3.7% year-over-year).
- 2017: Revenue of $998K, expenses of $993K, and assets of $144K (revenue +3.5% year-over-year).
- 2016: Revenue of $965K, expenses of $976K, and assets of $138K (revenue -0.7% year-over-year).
- 2015: Revenue of $971K, expenses of $962K, and assets of $152K (revenue +3.1% year-over-year).
- 2014: Revenue of $943K, expenses of $972K, and assets of $156K (revenue +13.5% year-over-year).
- 2013: Revenue of $830K, expenses of $831K, and assets of $174K (revenue +0.7% year-over-year).
- 2012: Revenue of $824K, expenses of $825K, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Therapy Center:
Data Sources and Methodology
This transparency report for Genesis Therapy 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.