California · Nonprofit
GENESIS LA ECONOMIC GROWTH CORPORATION
GENESIS LA ECONOMIC GROWTH CORPORATION (California) receives grants from 20 organizations whose IRS filings report $36,640,892 to it, the largest being The Chicago Community Trust ($15,000,000). 9 of them have funded it in more than one year.
- Revenue FY2025
- $19M
- Funders on record
- 20
- Grants received
- $37M
- Net assets
- $92M
What Genesis la Economic Growth Corporation does
Mission
The primary purpose of the organization shall be to combat community deterioration by assisting, implmenting, supporting or contributing to the support of programs, projects and activities of public nature designed to stimulate economic development.
As stated on its FY2025 Form 990.
Program
The organization assisted in combating community deterioration by implementing, supporting or contributing to the support of programs, projects and activities of public nature designed to stimulate, foster, coordinate, plan, improve and encourage economic development thereby ameliorating conditions of poverty, dependency, chronic unemployment and under-employment, rising community tensions, and social and economic disparity in areas of poverty and areas impacted by natural and unnatural disasters.
$6,827,096 spentof which $1,412,380 as grants$3,846,068 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $6,827,096.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $121M to $148M (+22%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 35% · 2018 11% · 2019 19% · 2020 12% · 2021 21% · 2022 20% · 2023 38% · 2024 1% · 2025 8%. Grants only. Government contracts and fees sit inside program revenue.
38% of GENESIS LA ECONOMIC GROWTH CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Thomas J Desimone
President/CEO
Board chair
Richard Maire
Director-chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 7 funders, grant income fell $3.1M → $1.8M.
5 of 20 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 45% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of GENESIS LA ECONOMIC GROWTH CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
GENESIS LA ECONOMIC GROWTH CORPORATION leans on a few funders — its largest provides 41% of grant income and the top three 78%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
69% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GENESIS LA ECONOMIC GROWTH CORPORATION.
Largest funder’s share by year: 2017 98% · 2018 53% · 2019 45% · 2020 53% · 2021 75% · 2022 85% · 2023 69% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of GENESIS LA ECONOMIC GROWTH CORPORATION's funders are still giving 3 years after their first grant; 45% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
71% of GENESIS LA ECONOMIC GROWTH CORPORATION's grant income comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $16M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
GENESIS LA ECONOMIC GROWTH CORPORATION runs a healthier operating margin than three-quarters of the 328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025
Government funding GENESIS LA ECONOMIC GROWTH CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $19.6M on record.
- Department of the Treasury$19.6M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like GENESIS LA ECONOMIC GROWTH CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Public support
66%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 5 related entities
- Bxb Community Investment Fund LLC · disregarded
- Affordable Housing Initiative LLC · disregarded
- Ahi-Chinatown LLC · disregarded
- Genesis la Cde LLC · partnership
- Nhgla LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for GENESIS LA ECONOMIC GROWTH CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds GENESIS LA ECONOMIC GROWTH CORPORATION?
- GENESIS LA ECONOMIC GROWTH CORPORATION (California) receives grants from 20 organizations whose IRS filings report $36,640,892 to it, the largest being The Chicago Community Trust ($15,000,000). 9 of them have funded it in more than one year.
- How many funders does GENESIS LA ECONOMIC GROWTH CORPORATION have?
- IRS filings report 20 organizations giving $36,640,892 in grants to GENESIS LA ECONOMIC GROWTH CORPORATION, 9 of which have funded it in more than one year.
- Who is the largest funder of GENESIS LA ECONOMIC GROWTH CORPORATION?
- The Chicago Community Trust is the largest funder on record, with $15,000,000 in grants. The full list of funders is on this page.
- How can an organization like GENESIS LA ECONOMIC GROWTH CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 20 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing