Gen-one Inc is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2018, with $1,167,184 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.2M
▲ 15.1% vs prior year
Youth median: $163K
Expenses (FY2024)
$1.0M
Net assets
$1.5M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gen-one Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gen-one Inc: 18 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gen-one Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gen-one Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $258K (FY2018) to $1.2M (FY2024) across 7 reported years.
Financial snapshot
Operating margin
11.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$15K
Net assets
$1.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,167,184▲15.1% | $1,036,282▲44.2% | $1,525,030▲9.4% | $1,540,062▲9.7% | 990 |
| 2023 | $1,013,967▲22.2% | $718,862▲52.4% | $1,394,128▲26.9% | $1,403,711▲27.4% | 990 |
| 2022 | $829,757▲48.0% | $471,721▲64.5% | $1,099,023▲48.3% | $1,102,052▲44.8% | 990 |
| 2021 | $560,557▲57.0% | $286,799▲33.9% | $740,987▲58.6% | $760,990▲61.3% | 990 |
| 2020 | $356,990▲47.0% | $214,194▲29.2% | $467,229▲99.3% | $471,771▲87.8% | 990 |
| 2019 | $242,783▼5.8% | $165,796▲65.2% | $234,433▲48.9% | $251,258▲59.6% | 990 |
| 2018 | $257,794 | $100,348 | $157,446 | $157,446 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
28 grants to Gen-one Inc totaling $812K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $115,000 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2024 | $50,000 |
| National Christian Charitable Foundation | Community development | 2024 | $25,000 |
| American Online Giving Foundation Inc | General support | 2024 | $15,500 |
| Foundation For the Carolinas | Charitable gift | 2023 | $60,000 |
| National Christian Charitable Foundation | Growth | 2023 | $20,000 |
| American Online Giving Foundation Inc | General support | 2023 | $18,025 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $16,500 |
| National Philanthropic Tr | Education | 2023 | $15,000 |
| Foundation For the Carolinas | Charitable gift | 2022 | $98,334 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $16,750 |
| National Christian Charitable Foundation | Growth | 2022 | $15,000 |
| National Christian Charitable Foundation | Growth | 2022 | $15,000 |
| American Online Giving Foundation Inc | General support | 2022 | $10,531 |
| National Philanthropic Tr | Education | 2022 | $6,000 |
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Data for Gen-one Inc (EIN 83-0933681) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.