Generosity Foundation FY2024 filing
Inspires hope in at-risk communities through profound generosity rooted in faith. For fiscal year 2024 it reported $864K in revenue, $606K in expenses, and $2.0M in net assets.Pt I
- Founded
- 2019
- Type
- Public foundation / grantmaker · Foundations & Grantmakers
- Location
- Huntsville, AL
- Website
- www.generosityfoundation.com
- Filings
- 3 on file (2023–2024)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Joseph Mackenzie’s $102K as Executive Director is at the 86th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Joseph Mackenzie | $102,091 | $102,091 | $96,875 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Serve ngo extends our mission by supporting fellow nonprofits through charitable grants. We believe that two really are better than one and collaboration amplifies impact. By investing in organizations with aligned values, we strengthen the overall fabric of support available to those in need.
Serve ngo extends our mission by supporting fellow nonprofits through charitable grants. We believe that two really are better than one and collaboration amplifies impact. By investing in organizations with aligned values, we strengthen the overall fabric of support available to those in need.
Community night is a cherished tradition where we gather over a shared meal with members of vulnerable communities. These dinners are more than just about food; they are opportunities to listen, learn, and connect on a personal level.
Community night is a cherished tradition where we gather over a shared meal with members of vulnerable communities. These dinners are more than just about food; they are opportunities to listen, learn, and connect on a personal level.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 91% | — | — |
| Overhead ratio | 26% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 403% | — | — |
| Investment management fee ratio | 0.5% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.4% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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