Gray Matter Experience

Analysis

Gray Matter Experience is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 February 2024, Gray Matter Experience reported income of $714k and spending of $876k, spending 123% of what it took in. Across the 4 years on record, from February 2021 to February 2024, income grew from $313k to $714k (+128%), an average of +32% a year. The sharpest change came in the year to February 2022, when income rose by 87%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gray Matter Experience sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Friends of the San Diego Public Library the ($714k), Cambridge Public Library Foundation Inc ($714k) and Colorado Urban Leadership Foundation ($714k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $172k (20% of expenses). Other salaries and wages came to $239k. At year end it held assets of $630k against liabilities of $11k, net assets of $619k. It reported 5 employees.