Gmp Development Corp
EIN: 275173077 · Marlborough, MA · NTEE: L40
Is Gmp Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gmp Development Corp
Gmp Development Corp (EIN: 275173077) is a nonprofit organization based in Marlborough, MA, classified under NTEE code L40. The organization reported total revenue of $401K and total assets of $666K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gmp Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gmp Development Corp is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $390K |
| Surplus / Deficit | +$4K |
| Total Assets | $682K |
| Total Liabilities | $1.1M |
| Net Assets | $-403,924 |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 159.2% |
| Months of Reserves | 21.0 months |
Financial Health Grade: A
In 2023, Gmp Development Corp reported a surplus of $4K with revenue exceeding expenses, holds 21.0 months of operating reserves (strong position), has a debt-to-asset ratio of 159.2% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Gmp Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | -14.8% | -1.2% |
| 2022 | -1.1% | +14.9% | -14.5% |
| 2021 | +5.1% | +2.4% | +2.7% |
| 2020 | +1.4% | -10.7% | -4.8% |
| 2019 | +2.3% | +6.6% | -10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gmp Development Corp has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gmp Development Corp with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 159.2%.
Frequently Asked Questions about Gmp Development Corp
Is Gmp Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Gmp Development Corp (EIN: 275173077) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gmp Development Corp spend its money?
Detailed spending breakdown data is not yet available for Gmp Development Corp. Check back for updated IRS 990 analysis.
Are donations to Gmp Development Corp tax-deductible?
Gmp Development Corp is registered as a tax-exempt nonprofit (EIN: 275173077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Gmp Development Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Gmp Development Corp's revenue has grown by 356.6%, moving from $86K to $394K. Total assets decreased by 50.8% over the same period, from $1.4M to $682K. Total functional expenses rose by 516.2%, from $63K to $390K. In its most recent filing year (2023), Gmp Development Corp reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $682K in assets (debt-to-asset ratio: 159.2%), resulting in net assets of $-403,924.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $390K | $682K | $1.1M | — | View 990 |
| 2022 | $399K | $458K | $691K | $1.1M | — | View 990 |
| 2021 | $403K | $399K | $809K | $1.2M | — | View 990 |
| 2020 | $383K | $389K | $787K | $1.1M | — | View 990 |
| 2019 | $378K | $436K | $826K | $1.2M | — | View 990 |
| 2018 | $369K | $409K | $919K | $1.2M | — | View 990 |
| 2017 | $366K | $409K | $948K | $1.2M | — | View 990 |
| 2016 | $358K | $380K | $1.1M | $1.3M | — | View 990 |
| 2015 | $353K | $400K | $1.2M | $1.4M | — | View 990 |
| 2014 | $356K | $399K | $1.3M | $1.4M | — | View 990 |
| 2013 | $333K | $377K | $1.3M | $1.4M | — | View 990 |
| 2012 | $86K | $63K | $1.4M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $390K, and assets of $682K (revenue -1.1% year-over-year).
- 2022: Revenue of $399K, expenses of $458K, and assets of $691K (revenue -1.1% year-over-year).
- 2021: Revenue of $403K, expenses of $399K, and assets of $809K (revenue +5.1% year-over-year).
- 2020: Revenue of $383K, expenses of $389K, and assets of $787K (revenue +1.4% year-over-year).
- 2019: Revenue of $378K, expenses of $436K, and assets of $826K (revenue +2.3% year-over-year).
- 2018: Revenue of $369K, expenses of $409K, and assets of $919K (revenue +0.8% year-over-year).
- 2017: Revenue of $366K, expenses of $409K, and assets of $948K (revenue +2.4% year-over-year).
- 2016: Revenue of $358K, expenses of $380K, and assets of $1.1M (revenue +1.4% year-over-year).
- 2015: Revenue of $353K, expenses of $400K, and assets of $1.2M (revenue -0.9% year-over-year).
- 2014: Revenue of $356K, expenses of $399K, and assets of $1.3M (revenue +6.9% year-over-year).
- 2013: Revenue of $333K, expenses of $377K, and assets of $1.3M (revenue +285.8% year-over-year).
- 2012: Revenue of $86K, expenses of $63K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Gmp Development Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.