Gen12 2 Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Gen12 2 Foundation Inc is a 501(c)(3) organization based in New York, New York, registered in 2022, with $398,965 in FY2024 revenue. CharityIndex grades it C+.
17 E 16th St Fl 4, New York, NY, 10003 EIN 87-3930791 Since 2022
Revenue (FY2024)
$399K
▲ 887.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$153K
Net assets
$2.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Gen12 2 Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating204 mo reserves · +62% margin
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 Gen12 2 Foundation Inc: 204 mo reserves · +62% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Gen12 2 Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Gen12 2 Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 17 E 16th St Fl 4, New York, NY, 10003
- City
- New York
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $3.0M (FY2021) to $399K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.6M
Operating margin
61.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.6M
Total liabilities
$0
Net assets
$2.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $398,965▲888% | $152,933▲55.5% | $2,596,984▲10.5% | $2,596,984▲10.5% | 990PF |
| 2023 | $40,401▲20.7% | $98,379▲0.4% | $2,350,952▼2.4% | $2,350,952▼2.4% | 990PF |
| 2022 | $33,481▼98.9% | $98,012▲375% | $2,408,930▼19.8% | $2,408,930▼19.8% | 990PF |
| 2021 | $3,023,655 | $20,625 | $3,003,030 | $3,003,030 | 990PF |
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.
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Frequently asked questions
- Is Gen12 2 Foundation Inc a legitimate nonprofit?
- Yes. Gen12 2 Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-3930791, based in New York, New York. Donations are tax-deductible.
- What is Gen12 2 Foundation Inc's EIN?
- Gen12 2 Foundation Inc's Employer Identification Number (EIN) is 87-3930791.
- How much revenue does Gen12 2 Foundation Inc report?
- Gen12 2 Foundation Inc reported $398,965 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gen12 2 Foundation Inc have?
- CharityIndex grades Gen12 2 Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Gen12 2 Foundation Inc (EIN 87-3930791) 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.