GMP Charities Inc

Analysis

GMP Charities Inc is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, GMP Charities Inc reported income of $89k and spending of $88k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $89k (-9.5%), an average of -9.5% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, GMP Charities Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 27th percentile within ME. Charities of a similar size with the same main cause include Grace and Glory ($89k), Mary H Porter Charitable TR Fbo St Vincent de Paul Catholic School ($89k) and Bob Feller Act of Valor Award Foundation Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1,938 against liabilities of $0, net assets of $1,938.