GMDP Academy Inc

Analysis

GMDP Academy Inc is a registered charity in United States, based in Pomona, NY. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, GMDP Academy Inc reported income of $1.0m and spending of $1.3m, spending 127% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $730k to $1.0m (+43%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, GMDP Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Bergen Community College Foundation ($1.0m), International Educational Foundation of America Inc ($1.0m) and Liberty Leadership Academy ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $189k (14% of expenses). Other salaries and wages came to $254k. At year end it held assets of $685k against liabilities of $64k, net assets of $620k.