New Genesis Homeless Inc
EIN: 800819656 · Memphis, TN · NTEE: L41
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $153K |
| Net Assets | $184K |
Is New Genesis Homeless Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Genesis Homeless Inc
New Genesis Homeless Inc (EIN: 800819656) is a nonprofit organization based in Memphis, TN, classified under NTEE code L41. The organization reported total revenue of $108K and total assets of $183K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Genesis Homeless Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Genesis Homeless Inc is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $153K |
| Surplus / Deficit | $-5,527 |
| Total Assets | $184K |
| Net Assets | $184K |
| Operating Margin | -3.8% |
| Months of Reserves | 14.4 months |
Financial Health Grade: B
In 2023, New Genesis Homeless Inc reported a deficit of $6K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | +28.7% | -3.0% |
| 2020 | +47.9% | +44.7% | +4.1% |
| 2019 | +25.8% | +21.0% | +0.3% |
| 2018 | +69.7% | +0.9% | +57.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Genesis Homeless Inc 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 New Genesis Homeless Inc 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 deficit of $6K, with expenses exceeding revenue.
Frequently Asked Questions about New Genesis Homeless Inc
Is New Genesis Homeless Inc a legitimate charity?
New Genesis Homeless Inc (EIN: 800819656) is a registered tax-exempt nonprofit based in Tennessee. It has 8 years of IRS 990 filings on record. Total revenue: $108K. No red flags identified. Financial health grade: B.
How does New Genesis Homeless Inc spend its money?
New Genesis Homeless Inc reported $108K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Genesis Homeless Inc tax-deductible?
New Genesis Homeless Inc is registered as a tax-exempt nonprofit (EIN: 800819656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Genesis Homeless Inc located?
New Genesis Homeless Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 800819656. It is classified under NTEE code L41.
How many years of IRS 990 filings does New Genesis Homeless Inc have?
New Genesis Homeless Inc has 8 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 $108K in total revenue.
Filing History
IRS 990 filing history for New Genesis Homeless Inc showing financial trends over 8 years of public records:
Total assets decreased by 12.4% over the same period, from $210K to $184K. In its most recent filing year (2023), New Genesis Homeless Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $153K | $184K | $0 | — | — |
| 2022 | $0 | $184K | $184K | $99K | — | — |
| 2020 | $153K | $143K | $190K | $90K | — | View 990 |
| 2019 | $104K | $99K | $183K | $98K | — | View 990 |
| 2018 | $82K | $82K | $182K | $101K | — | View 990 |
| 2015 | $49K | $81K | $115K | $106K | — | View 990 |
| 2014 | $40K | $45K | $152K | $114K | — | View 990 |
| 2013 | $0 | $0 | $210K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $153K, and assets of $184K.
- 2022: Revenue of $0, expenses of $184K, and assets of $184K (revenue -100.0% year-over-year).
- 2020: Revenue of $153K, expenses of $143K, and assets of $190K (revenue +47.9% year-over-year).
- 2019: Revenue of $104K, expenses of $99K, and assets of $183K (revenue +25.8% year-over-year).
- 2018: Revenue of $82K, expenses of $82K, and assets of $182K (revenue +69.7% year-over-year).
- 2015: Revenue of $49K, expenses of $81K, and assets of $115K (revenue +22.0% year-over-year).
- 2014: Revenue of $40K, expenses of $45K, and assets of $152K.
- 2013: Revenue of $0, expenses of $0, and assets of $210K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Genesis Homeless Inc:
Data Sources and Methodology
This transparency report for New Genesis Homeless 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.