From public IRS filings
GENESIS LA ECONOMIC GROWTH CORPORATION
LOS ANGELES, CA · Community Improvement
Mission
PROVIDE LOANS, INVESTMENTS AND TECHNICAL ASSISTANCE TO PROJECTS SERVING LOW INCOME COMMUNITIES.
Financials (IRS Form 990)
Total revenue
$36.9M
Total expenses
$7M
Total assets
$147.6M
Program expense ratio
9249%
Source: IRS Form 990, tax year 2024.
Who funds GENESIS LA ECONOMIC GROWTH CORPORATION
$60M in foundation grants on record from 12 funders — from IRS 990 grant line items.
| Funder | Total given | Grants |
|---|---|---|
| Chicago Community Trust | $10M | 1 |
| United Way | $7.9M | 1 |
| Silicon Valley Community Foundation | $400K | 1 |
| California Community Foundation | $325K | 4 |
| Cedars-Sinai Medical Center | $25K | 1 |
| American Online Giving Foundation | $20K | 1 |
Leadership
TOM DE SIMONE — PRESIDENT (Principal officer)
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