Gray Foundation Inc

Analysis

Gray Foundation Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gray Foundation Inc reported income of $89k and spending of $79k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $89k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gray Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Pacific Academy PTO ($89k), FL Case Incorporated ($89k) and Committee for Armenian Students in Public Schools ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.