Generous Charitable INC EIN 84-5083570

Generous Charitable INC

EIN  84-5083570 Public foundation / grantmaker Nashville, TN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Processes donations, enabling you to give to any qualified US charity.
Leadership
Ray Capp · Chairman
Money in and out
$224K revenue, $215K expenses
Bottom line
100% program efficiency

Processes donations, enabling you to give to any qualified US charity. For fiscal year 2022 it reported $224K in revenue, $215K in expenses, and $52K in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$52K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate▼ -86% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -87% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$224K
FY2022▲ +109%
Expenses
$215K
FY2022▲ +190%
Total assets
$52K
FY2022▲ +20%
Total liabilities
$0
FY2022
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$215K
Pt IX · Ln 25
Net assets
$52K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$52K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $215K of program spending, described in the organization's own filed words · FY2022.
01

Generous charitable processes your donation when you make a donation at JOINGENEROUS.COM, providing the ability for you to donate to any qualified charity in the us. For example, if you donated to your local food bank using generous, your donation would be deposited with generous charitable first and generous charitable would distribute…

$215Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGenerous Charitable INC
EINHdr · item D84-5083570
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jwww.generouscharitable.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$224K
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$215K
Total functional expensesLn 25$215K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$52K
Total liabilitiesLn 26$0
Total net assetsLn 32$52K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18K · Operating expenses/yr $215K
1.0 months
Where the money goes
Program services
Program services $215K · Total expenses $215K
100%
Management & General
Management & general $0 · Total expenses $215K
0%
Fundraising
Fundraising $0 · Total expenses $215K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $224K
0%
Government reliance
Government grants — · Total revenue $224K
Earned-income share
Program service revenue $224K · Total revenue $224K
100%
Investment reliance
Investment income $0 · Total revenue $224K
0%
Program self-sufficiency
Program service revenue $224K · Total expenses $215K
104%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $107K
+109%
Net-asset trend (YoY)
End of year $52K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $215K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $52K
Net-asset ratio
Net assets $52K · Total assets $52K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $52K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ray Capp · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $215K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $215K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 109%

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.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$224K revenue · viewing · ⤓ 990 PDF
FY2021$107K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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