GFPB Inc

Analysis

GFPB Inc is a registered charity in United States, based in Pine Bluff, AR. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, GFPB Inc reported income of $1.9m and spending of $1.2m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, GFPB Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within AR. Charities of a similar size with the same main cause include Sylvester Broome Empowerment Village ($1.9m), Downtown Development Corporation ($1.9m) and Job Opportunities Task Force Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $206k (17% of expenses). Other salaries and wages came to $230k. At year end it held assets of $3.4m against liabilities of $19k, net assets of $3.4m. It reported 13 employees.