Gray House Inc

Analysis

Gray House Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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 September 2023, Gray House Inc reported income of $589k and spending of $426k, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $284k to $589k (+107%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gray House Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Epworth by the Sea Endowment Foundation Incorporasted ($589k), Wilkinsburg Community Ministry ($589k) and Friends of Valley Forge ($589k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $65k (15% of expenses). Other salaries and wages came to $159k. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.0m. It reported 10 employees.