Gmto Corporation

Analysis

Gmto Corporation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Gmto Corporation reported income of $194.7m and spending of $36.4m, leaving 81% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.6m to $194.7m (+379%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 504%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gmto Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Museum Associates ($194.5m), Prepass Safety Alliance ($196.5m) and United States Holocaust Memorial Council ($193.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.8m (4.9% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $488.7m against liabilities of $27.3m, net assets of $461.4m. It reported 99 employees.