GBMC Healthcare Inc

Analysis

GBMC Healthcare Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, GBMC Healthcare Inc reported income of $2.1m and spending of $2.5m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $747k to $2.1m (+184%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 1416%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, GBMC Healthcare Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Vail House Midland Inc ($2.1m), Omega Residential ($2.1m) and Arizona Veterans Research and Education Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $663.8m against liabilities of $3.3m, net assets of $660.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.