AI Transparency Report
The Peter And Josephine Grayson Foundation demonstrates consistent financial stability with assets generally increasing over the past decade, reaching $1,435,010 in 2023. The organization's revenue has fluctuated, with a notable peak of $326,761 in 2020, but has remained sufficient to cover expenses in most years, such as in 2021 where revenue was $206,386 against expenses of $177,400. However, recent years (2022 and 2023) show expenses slightly exceeding revenue, with 2023 reporting $144,411 in revenue and $187,561 in expenses, indicating a reliance on prior year surpluses or investment income to cover operational costs.
The foundation appears to be highly efficient in its spending, as indicated by the 0% officer compensation across all reported periods, suggesting that administrative costs related to executive salaries are non-existent. This contributes to a strong program spending ratio, although specific program spending figures are not provided in the summary data. The consistent reporting of minimal liabilities ($1 in recent years) also points to sound financial management and a low-risk profile.
In terms of transparency, the consistent filing of IRS Form 990s over nine periods is a positive indicator. The absence of officer compensation simplifies the financial structure and reduces potential conflicts of interest, enhancing public trust. While detailed breakdowns of program versus administrative spending are not available in this summary, the overall financial health, characterized by substantial assets and minimal liabilities, suggests a well-managed and transparent operation focused on its mission.