Vincent Gray Academy

Analysis

Vincent Gray Academy is a registered charity in United States, based in East St Louis, IL. It received its IRS tax-exemption ruling in November 1980, 46 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vincent Gray Academy reported income of $217k and spending of $284k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $391k to $217k (-44%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vincent Gray Academy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Celebrate Me Week ($217k), Yuba-Sutter-Colusa United Way ($217k) and San Luis Obispo County Sheriffs Advisory Foundation ($217k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $64k (23% of expenses). Other salaries and wages came to $123k. At year end it held assets of $344k against liabilities of $6,988, net assets of $337k. It reported 7 employees.