Pray for Gray Foundation

Analysis

Pray for Gray Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in May 2015, 11 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, Pray for Gray Foundation reported income of $140k and spending of $134k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $140k (-0.1%), an average of -0.1% a year. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pray for Gray Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 37th percentile within ND. Charities of a similar size with the same main cause include Compass Montessori Education Foundation ($140k), Rocky Mountain Fisher House Foundation ($140k) and Anderson Family Foundation ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 134% of the total. Compensation of current officers, directors and key employees was $31k (23% of expenses). At year end it held assets of $114k against liabilities of $0, net assets of $114k.