Purple & Gray Foundation Inc

Analysis

Purple & Gray Foundation Inc is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in March 2014, 12 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 (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, Purple & Gray Foundation Inc reported income of $66k and spending of $19k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $66k (-84%), an average of -37% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Purple & Gray Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IA. Charities of a similar size with the same main cause include HP Blast Corp ($66k), Midwest Electric Community Connection Fund Inc ($66k) and Rotary International ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.