GMR Foundation for Research and Education

Analysis

GMR Foundation for Research and Education is a registered charity in United States, based in Greenwood Village, CO. It received its IRS tax-exemption ruling in October 2021, 5 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 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 for Research and Education reported income of $235k and spending of $245k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $311k to $235k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, GMR Foundation for Research and Education sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CO. Charities of a similar size with the same main cause include Asm Global Acts Foundation ($235k), Hands on Thomas County Inc ($235k) and Riverview Educational Foundation ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (22% of expenses). At year end it held assets of $673k against liabilities of $130k, net assets of $543k. It reported 1 employees.