GDMCF Charitable TR

Analysis

GDMCF Charitable TR is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, GDMCF Charitable TR reported income of $5.7m and spending of $190k, leaving 97% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $622k to $5.7m (+817%), an average of +203% a year. The sharpest change came in the year to December 2022, when income rose by 1396%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, GDMCF Charitable TR sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Dixon Family Foundation ($5.7m), The Catholic Foundation of Central Florida Inc ($5.7m) and Del Mar College Foundation Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% of the total. At year end it held assets of $181k against liabilities of $180k, net assets of $1,133.