GBT Development Corporation

Analysis

GBT Development Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, GBT Development Corporation reported income of $138k and spending of $149k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $138k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, GBT Development Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NE. Charities of a similar size with the same main cause include Legacy Family Network Foundation ($138k), Salida Senior Daycare Inc ($138k) and Community Partnership of Elbert County ($138k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $127k. At year end it held assets of $3,317 against liabilities of $0, net assets of $3,317. It reported 4 employees.