The Genesis Foundation For Children Inc
EIN: 42760083 · Boston, MA
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $927K |
| Net Assets | $672K |
Is The Genesis Foundation For Children Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Genesis Foundation For Children Inc
The Genesis Foundation For Children Inc (EIN: 42760083) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $1.1M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Genesis Foundation For Children Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Genesis Foundation For Children Inc is a mid-size nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $818K |
| Total Expenses | $927K |
| Surplus / Deficit | $-109,697 |
| Total Assets | $892K |
| Total Liabilities | $220K |
| Net Assets | $672K |
| Operating Margin | -13.4% |
| Debt-to-Asset Ratio | 24.6% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2023, The Genesis Foundation For Children Inc reported a deficit of $110K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 24.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Genesis Foundation For Children Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.0% | +3.6% | -2.8% |
| 2022 | +33.5% | +25.7% | +10.6% |
| 2021 | +27.1% | -13.6% | -14.3% |
| 2020 | -48.6% | -22.8% | -13.7% |
| 2019 | +28.9% | +20.3% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Genesis Foundation For Children 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 The Genesis Foundation For Children 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 $110K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.6%.
Frequently Asked Questions about The Genesis Foundation For Children Inc
Is The Genesis Foundation For Children Inc a legitimate charity?
The Genesis Foundation For Children Inc (EIN: 42760083) is a registered tax-exempt nonprofit based in Massachusetts. It has 14 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: B.
How does The Genesis Foundation For Children Inc spend its money?
The Genesis Foundation For Children Inc reported $1.1M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Genesis Foundation For Children Inc tax-deductible?
The Genesis Foundation For Children Inc is registered as a tax-exempt nonprofit (EIN: 42760083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Genesis Foundation For Children Inc located?
The Genesis Foundation For Children Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 42760083.
How many years of IRS 990 filings does The Genesis Foundation For Children Inc have?
The Genesis Foundation For Children Inc has 14 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for The Genesis Foundation For Children Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Genesis Foundation For Children Inc's revenue has declined by 9.3%, moving from $902K to $818K. Total assets decreased by 25.1% over the same period, from $1.2M to $892K. Total functional expenses fell by 36.9%, from $1.5M to $927K. In its most recent filing year (2023), The Genesis Foundation For Children Inc reported a deficit of $110K, with expenses exceeding revenue. The organization holds $220K in liabilities against $892K in assets (debt-to-asset ratio: 24.6%), resulting in net assets of $672K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $818K | $927K | $892K | $220K | — | — |
| 2022 | $1.0M | $895K | $918K | $214K | — | View 990 |
| 2021 | $775K | $712K | $829K | $184K | — | View 990 |
| 2020 | $610K | $824K | $967K | $304K | — | View 990 |
| 2019 | $1.2M | $1.1M | $1.1M | $232K | — | View 990 |
| 2018 | $920K | $887K | $956K | $268K | — | View 990 |
| 2017 | $1.2M | $1.1M | $958K | $260K | — | View 990 |
| 2016 | $637K | $731K | $775K | $214K | — | View 990 |
| 2015 | $918K | $829K | $804K | $136K | — | View 990 |
| 2014 | $1.1M | $879K | $957K | $344K | — | View 990 |
| 2013 | $834K | $777K | $698K | $285K | — | View 990 |
| 2012 | $699K | $864K | $755K | $413K | — | View 990 |
| 2011 | $780K | $1.3M | $601K | $97K | — | View 990 |
| 2010 | $902K | $1.5M | $1.2M | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $818K, expenses of $927K, and assets of $892K (revenue -21.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $895K, and assets of $918K (revenue +33.5% year-over-year).
- 2021: Revenue of $775K, expenses of $712K, and assets of $829K (revenue +27.1% year-over-year).
- 2020: Revenue of $610K, expenses of $824K, and assets of $967K (revenue -48.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M (revenue +28.9% year-over-year).
- 2018: Revenue of $920K, expenses of $887K, and assets of $956K (revenue -25.2% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $958K (revenue +93.3% year-over-year).
- 2016: Revenue of $637K, expenses of $731K, and assets of $775K (revenue -30.7% year-over-year).
- 2015: Revenue of $918K, expenses of $829K, and assets of $804K (revenue -18.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $879K, and assets of $957K (revenue +34.9% year-over-year).
- 2013: Revenue of $834K, expenses of $777K, and assets of $698K (revenue +19.4% year-over-year).
- 2012: Revenue of $699K, expenses of $864K, and assets of $755K (revenue -10.5% year-over-year).
- 2011: Revenue of $780K, expenses of $1.3M, and assets of $601K (revenue -13.4% year-over-year).
- 2010: Revenue of $902K, expenses of $1.5M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Genesis Foundation For Children Inc:
Data Sources and Methodology
This transparency report for The Genesis Foundation For Children 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.