GMR Foundation

Analysis

GMR Foundation is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, GMR Foundation reported income of $773k and spending of $573k, leaving 26% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $410k to $773k (+89%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, GMR Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Cobb Island Volunteer Fire Department & Ems Incorporated ($773k), Lowernine Org ($774k) and Round Mountain Volunteer Fire Department Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $317k against liabilities of $0, net assets of $317k.