Graybeards Ltd

Analysis

Graybeards Ltd is a registered charity in United States, based in Belle Harbor, NY. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Graybeards Ltd reported income of $629k and spending of $695k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $341k to $629k (+84%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Graybeards Ltd sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Roots & Wings Person County Inc ($629k), Brownsville Wellness Coalition Inc ($629k) and National Assistance League ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $452k against liabilities of $0, net assets of $452k.