Gray Academy

Analysis

Gray Academy is a registered charity in United States, based in Pacific PLSDS, CA. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Gray Academy reported income of $236k and spending of $494k, spending 209% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $253k to $236k (-6.7%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gray Academy sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Renewal Project Inc ($236k), Missions International of America ($236k) and Emergency Nurses Association ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $115k. At year end it held assets of $421k against liabilities of $0, net assets of $421k. It reported 8 employees.