William H Gray III Memorial Foundation

Analysis

William H Gray III Memorial Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2018, 8 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, William H Gray III Memorial Foundation reported income of $252k and spending of $462k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $252k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 1201%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, William H Gray III Memorial Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 33rd percentile within DC. Charities of a similar size with the same main cause include Performing Arts Assn of St Joseph Inc ($252k), Yes and Collaborative Arts ($252k) and North Alabama Railroad Museum Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). It paid $111k in professional fundraising fees. At year end it held assets of $863k against liabilities of $0, net assets of $863k. It reported 1 employees.