Gem Prep Pocatello LLC

Analysis

Gem Prep Pocatello LLC is a registered charity in United States, based in Deary, ID. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gem Prep Pocatello LLC reported income of $5.6m and spending of $4.6m, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $5.6m (+139%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gem Prep Pocatello LLC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within ID. Charities of a similar size with the same main cause include Maine Connections Academy Inc ($5.6m), Renew Democracy Initiative Inc ($5.6m) and Willie Ross School for the Deaf Inc ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 3.9% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $10.3m against liabilities of $7.3m, net assets of $3.0m. It reported 76 employees.