GENEROSITY FOUNDATION

EIN: 833601475 501(c)(3) Philanthropy & Grantmaking

HUNTSVILLE, AL

Total Revenue
$863,791
Total Expenses
$605,692
Total Assets
$2,020,633
Net Assets
$1,980,672
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AL
Phone
2567144182
Tax Period
2024-01-01 to 2024-12-31

GENEROSITY FOUNDATION, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $172K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $499K exceeded revenue, resulting in a 191% operating deficit.

Mission

THE GENEROSITY FOUNDATION IS A FAITH BASED PUBLIC CHARITY THAT SERVES AT-RISK COMMUNITITES TO INSPIRE HOPE THROUGH PROFOUND GENEROSITY ROOTED IN THE UNCONDITIONAL LOVE OF JESUS CHRIST

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $669,190
Program Service Revenue $2,373
Investment Income $192,228
Other Revenue $0
TOTAL REVENUE $863,791

Expense Breakdown

Grants Paid $174,455
Salaries & Benefits $131,933
Fundraising Expenses $0
Program Expenses $448,008
Other Expenses $299,304
TOTAL EXPENSES $605,692

Year-over-Year Comparison

2024 2023 Change
Revenue $863,791 $171,752 +4.0%
Expenses $605,692 $499,098 +0.2%
Net Income $258,099 $-327,346 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
1
Employees
3
Volunteers
1500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$102,091
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH MACKENZIE EXECUTIVE DIRECTOR 40.00
Officer
$102,091 $0 $102,091
DARREN HASLEY SECRETARY 1.00
Director
$0 $0 $0
CHRISTINE HINSON TREASURER 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $863,791 $605,692 $2,020,633 $258,099
2024 $794,458 $613,009 $1,981,882 $181,449
2024 $794,458 $610,910 $1,957,383 $183,548
2023 $171,752 $499,098 $1,259,957 $-327,346
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