Greystone Foundation Inc

Analysis

Greystone Foundation Inc is a registered charity in United States, based in Avon, CT. It received its IRS tax-exemption ruling in August 2022, 4 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, Greystone Foundation Inc reported income of $69k and spending of $76k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $69k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greystone Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include Casa Shalom Inc ($69k), Rick Pankow Foundation ($69k) and United Way of Winneshiek County Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $85k against liabilities of $4,947, net assets of $80k.