Is Richard L Gray Perpetual Charitable Tr…

Quick charity verification for Richard L Gray Perpetual Charitable Tr (EIN: 206784832)

Spending Breakdown

How Richard L Gray Perpetual Charitable Tr allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Richard L Gray Perpetual Charitable Tr

Is Richard L Gray Perpetual Charitable Tr a legitimate charity?

Based on AI analysis of IRS 990 filings, Richard L Gray Perpetual Charitable Tr (EIN: 206784832) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Richard L Gray Perpetual Charitable Tr a good charity to donate to?

Richard L Gray Perpetual Charitable Tr has a Mission Score of 90/100. Revenue: $923K. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Richard L Gray Perpetual Charitable Tr?

The Employer Identification Number (EIN) for Richard L Gray Perpetual Charitable Tr is 206784832. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Richard L Gray Perpetual Charitable Tr spend its money?

Richard L Gray Perpetual Charitable Tr allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Richard L Gray Perpetual Charitable Tr's tax-exempt status?

You can verify Richard L Gray Perpetual Charitable Tr's tax-exempt status using EIN 206784832 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Richard L Gray Perpetual Charitable Tr demonstrates consistent financial stability with assets growing from $1,577,092 in 2011 to $3,787,548 in 2023, despite some fluctuations in annual revenue and expenses. The organization consistently reports minimal liabilities ($1), indicating a strong balance sheet and responsible financial management. Its revenue has varied significantly, from a low of $200,971 in 2021 to a high of $4,553,066 in 2014, suggesting reliance on investment returns or large, infrequent contributions rather than a steady stream of operational income.

Spending efficiency appears high, as the organization consistently reports 0% officer compensation, implying that administrative costs are kept very low, or that the trust is managed by unpaid fiduciaries. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency, but the absence of executive compensation is a positive indicator for donor confidence. The trust's primary function, as a perpetual charitable trust, is likely to distribute grants, which inherently leads to high program spending.

Transparency is generally good through its consistent IRS 990 filings over ten periods. The consistent reporting of $1 in liabilities across all periods is unusual and might warrant further investigation to understand if it's a placeholder or truly represents negligible debt. The lack of officer compensation is a strong point for transparency and efficiency.

Is Richard L Gray Perpetual Charitable Tr Legit?

Verdict: Richard L Gray Perpetual Charitable Tr appears trustworthy

Red Flags

Strengths