Gray Ghosts Inc

Analysis

Gray Ghosts Inc is a registered charity in United States, based in Mabank, TX. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Ghosts Inc reported income of $230k and spending of $254k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $230k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gray Ghosts Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Zichron Shmuel Yechezkel a NJ Nonprofit Corporation ($230k), L E a N 4 Jesus Ministries Inc ($230k) and Treasure City ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $145k. At year end it held assets of $220k against liabilities of $0, net assets of $220k. It reported 31 employees.