GMP Development Corp

Analysis

GMP Development Corp is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, GMP Development Corp reported income of $394k and spending of $390k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $383k to $394k (+2.8%), an average of +0.9% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, GMP Development Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Casa Sierra Vista Inc ($394k), Denver Community Ventures ($395k) and Community Development Coalition Corporation ($394k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $682k against liabilities of $1.1m, net assets of -$404k.