Gray Stone Educational Foundation Inc

Analysis

Gray Stone Educational Foundation Inc is a registered charity in United States, based in Misenheimer, NC. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gray Stone Educational Foundation Inc reported income of $7.5m and spending of $6.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $7.5m (+8.7%), an average of +2.1% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gray Stone Educational Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include The Learning Center of North Arkansas ($7.5m), University of North Carolina at Pembroke Foundation Inc ($7.5m) and Health Sciences Charter School ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. At year end it held assets of $15.1m against liabilities of $11.9m, net assets of $3.2m. It reported 113 employees.