Gray Reed Foundation

Analysis

Gray Reed Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Reed Foundation reported income of $129k and spending of $51k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $129k (+282%), an average of +282% a year. The sharpest change came in the year to December 2023, when income rose by 282%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gray Reed Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Nate Edwards Annual Fishing Tournament Inc ($129k), Healing Hand Foundation ($129k) and Go2goal LLC ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.