Gray Matter Museum of Art

Analysis

Gray Matter Museum of Art is a registered charity in United States, based in Ladera Ranch, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Matter Museum of Art reported income of $102k and spending of $102k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $8,621 to $102k (+1080%), an average of +128% a year. The sharpest change came in the year to December 2021, when income rose by 634%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gray Matter Museum of Art sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include First Night Hartford Inc ($102k), St Mary Immaculate Conception Church Preservation Society ($102k) and Tropical Trail Region of Texas ($102k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5 against liabilities of $0, net assets of $5.