Institute Genesis Elc Inc
Institute Genesis Elc Inc shows modest asset growth with no reported officer compensation.
EIN: 208667043 · Atlanta, GA · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $663K |
| Total Expenses | $599K |
| Program Spending | 80% |
| Net Assets | $38K |
| Transparency Score | 85/100 |
Is Institute Genesis Elc Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute Genesis Elc Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute Genesis Elc Inc
Institute Genesis Elc Inc (EIN: 208667043) is a nonprofit organization based in Atlanta, GA, classified under NTEE code O50. The organization reported total revenue of $663K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute Genesis Elc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Institute Genesis Elc Inc is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2020–2021). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $573K |
| Total Expenses | $599K |
| Surplus / Deficit | $-25,124 |
| Total Assets | $46K |
| Total Liabilities | $8K |
| Net Assets | $38K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2021, Institute Genesis Elc Inc reported a deficit of $25K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 2 years of filings (2020–2021), Institute Genesis Elc Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +0.6% | +17.0% | -31.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Institute Genesis Elc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Institute Genesis Elc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% for both 2020 and 2021, indicating that the organization's officers are not compensated through the nonprofit's funds, which is a strong positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Institute Genesis Elc Inc:
- Consistent 0% officer compensation reported, indicating high dedication of resources to mission.
- Positive asset growth from $45,605 in 2021 to $74,094 in the latest period.
- Relatively stable revenue streams over the past two reported periods ($570,071 in 2020 and $573,496 in 2021).
Frequently Asked Questions about Institute Genesis Elc Inc
Is Institute Genesis Elc Inc a legitimate charity?
Institute Genesis Elc Inc (EIN: 208667043) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $663K. No red flags identified. 3 strengths noted. Financial health grade: C.
How does Institute Genesis Elc Inc spend its money?
Institute Genesis Elc Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Institute Genesis Elc Inc tax-deductible?
Institute Genesis Elc Inc is registered as a tax-exempt nonprofit (EIN: 208667043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Institute Genesis Elc Inc's spending goes to programs?
Institute Genesis Elc Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Institute Genesis Elc Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Institute Genesis Elc Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Institute Genesis Elc Inc located?
Institute Genesis Elc Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 208667043. It is classified under NTEE code O50.
How many years of IRS 990 filings does Institute Genesis Elc Inc have?
Institute Genesis Elc Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $663K in total revenue.
How does Institute Genesis Elc Inc sustain its operations without officer compensation?
The filings indicate 0% officer compensation, suggesting leadership may be volunteer-based or compensated through other means not reported as direct officer compensation on the 990, or that the organization is very early stage and leadership is deferring compensation.
What is the trend in the organization's net assets?
Net assets have shown growth, increasing from $45,605 in 2021 to $74,094 in the latest period, indicating a positive financial trend despite a slight deficit in 2021.
Filing History
IRS 990 filing history for Institute Genesis Elc Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2021), Institute Genesis Elc Inc's revenue has grown by 0.6%, moving from $570K to $573K. Total assets decreased by 31.5% over the same period, from $67K to $46K. Total functional expenses rose by 17%, from $512K to $599K. In its most recent filing year (2021), Institute Genesis Elc Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $8K in liabilities against $46K in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $573K | $599K | $46K | $8K | — | View 990 |
| 2020 | $570K | $512K | $67K | $4K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Institute Genesis Elc Inc:
Data Sources and Methodology
This transparency report for Institute Genesis Elc 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.