GPRMC Holdings Inc

Analysis

GPRMC Holdings Inc is a registered charity in United States, based in Elk City, OK. It received its IRS tax-exemption ruling in December 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, GPRMC Holdings Inc reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $365k to $1.4m (+274%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 298%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, GPRMC Holdings Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within OK. Charities of a similar size with the same main cause include St Pauls Community Development Corporation ($1.4m), Ohio Operating Engineers Education & Safety Fund ($1.4m) and Ctae Resource Network Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $32.3m against liabilities of $32.4m, net assets of -$95k.

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.