Avrum Gray Family Fund
Avrum Gray Family Fund maintains substantial assets with zero officer compensation, demonstrating strong financial stewardship as a private grantmaking foundation.
EIN: 201533159 · Oakbrook Terrace, IL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $774K |
| Total Expenses | $439K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $18.0M |
| Transparency Score | 90/100 |
Is Avrum Gray Family Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Avrum Gray Family Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Avrum Gray Family Fund
Avrum Gray Family Fund (EIN: 201533159) is a nonprofit organization based in Oakbrook Terrace, IL, classified under NTEE code T22. The organization reported total revenue of $774K and total assets of $18.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Avrum Gray Family Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Avrum Gray Family Fund is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 52.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $668K |
| Total Expenses | $439K |
| Surplus / Deficit | +$229K |
| Total Assets | $18.0M |
| Total Liabilities | $1 |
| Net Assets | $18.0M |
| Operating Margin | 34.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 491.3 months |
Financial Health Grade: A
In 2023, Avrum Gray Family Fund reported a surplus of $229K with revenue exceeding expenses, holds 491.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Avrum Gray Family Fund's revenue has grown at a compound annual growth rate (CAGR) of 52.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +133.1% | -37.3% | +1.3% |
| 2022 | -96.8% | -20.6% | -2.3% |
| 2021 | +55.0% | +20.0% | +78.6% |
| 2020 | +129.9% | +22.7% | +96.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Avrum Gray Family Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Avrum Gray Family Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $229K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports $0 in officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly favorable for a grantmaking foundation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Avrum Gray Family Fund's IRS 990 filings:
- Highly variable revenue, indicating potential reliance on unpredictable large contributions or market performance rather than diversified funding.
Strengths
The following positive indicators were identified for Avrum Gray Family Fund:
- Consistent asset growth, reaching over $18 million, providing a strong financial base.
- Zero officer compensation reported across all filings, indicating efficient use of funds.
- Very low liabilities, demonstrating strong financial health and stability.
- Clear focus on grantmaking as a private foundation (NTEE T22), with resources likely directed to program-related grants.
Frequently Asked Questions about Avrum Gray Family Fund
Is Avrum Gray Family Fund a legitimate charity?
Avrum Gray Family Fund (EIN: 201533159) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $774K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Avrum Gray Family Fund spend its money?
Avrum Gray Family Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Avrum Gray Family Fund tax-deductible?
Avrum Gray Family Fund is registered as a tax-exempt nonprofit (EIN: 201533159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Avrum Gray Family Fund CEO make?
Avrum Gray Family Fund's highest-compensated officer earns $0 annually. The organization reported $774K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Avrum Gray Family Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Avrum Gray Family Fund is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Avrum Gray Family Fund located?
Avrum Gray Family Fund is headquartered in Oakbrook Terrace, Illinois and files with the IRS under EIN 201533159. It is classified under NTEE code T22.
How many years of IRS 990 filings does Avrum Gray Family Fund have?
Avrum Gray Family Fund has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $774K in total revenue.
Is the Avrum Gray Family Fund a good charity?
As a private grantmaking foundation, its 'goodness' is measured by its grantmaking activities. Financially, it demonstrates excellent stewardship with growing assets and no officer compensation, suggesting resources are directed towards its philanthropic goals.
What is the primary source of the organization's revenue fluctuations?
The significant swings in revenue, such as $8.87 million in 2021 and $5.72 million in 2020, suggest that revenue is likely driven by large contributions from the founding family or substantial investment returns, rather than consistent public donations.
How does the Avrum Gray Family Fund ensure its long-term sustainability?
The consistent growth in assets, from $1.13 million in 2011 to over $18.1 million currently, indicates a strategy of accumulating and investing capital, which provides a strong base for long-term grantmaking activities.
Filing History
IRS 990 filing history for Avrum Gray Family Fund showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Avrum Gray Family Fund's revenue has grown by 15611.3%, moving from $4K to $668K. Total assets increased by 1487% over the same period, from $1.1M to $18.0M. Total functional expenses rose by 29.2%, from $340K to $439K. In its most recent filing year (2023), Avrum Gray Family Fund reported a surplus of $229K, with revenue exceeding expenses. The organization holds $1 in liabilities against $18.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $668K | $439K | $18.0M | $1 | — | — |
| 2022 | $287K | $700K | $17.7M | $1 | — | View 990 |
| 2021 | $8.9M | $881K | $18.2M | $1 | — | View 990 |
| 2020 | $5.7M | $734K | $10.2M | $1 | — | — |
| 2019 | $2.5M | $598K | $5.2M | $0 | — | View 990 |
| 2015 | $-14,442 | $1.5M | $8.5M | $0 | — | View 990 |
| 2014 | $5.0M | $278K | $10.1M | $0 | — | View 990 |
| 2013 | $3.4M | $169K | $5.4M | $0 | — | View 990 |
| 2012 | $1.2M | $216K | $2.1M | $0 | — | View 990 |
| 2011 | $4K | $340K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $668K, expenses of $439K, and assets of $18.0M (revenue +133.1% year-over-year).
- 2022: Revenue of $287K, expenses of $700K, and assets of $17.7M (revenue -96.8% year-over-year).
- 2021: Revenue of $8.9M, expenses of $881K, and assets of $18.2M (revenue +55.0% year-over-year).
- 2020: Revenue of $5.7M, expenses of $734K, and assets of $10.2M (revenue +129.9% year-over-year).
- 2019: Revenue of $2.5M, expenses of $598K, and assets of $5.2M.
- 2015: Revenue of $-14,442, expenses of $1.5M, and assets of $8.5M (revenue -100.3% year-over-year).
- 2014: Revenue of $5.0M, expenses of $278K, and assets of $10.1M (revenue +43.7% year-over-year).
- 2013: Revenue of $3.4M, expenses of $169K, and assets of $5.4M (revenue +188.0% year-over-year).
- 2012: Revenue of $1.2M, expenses of $216K, and assets of $2.1M (revenue +28021.5% year-over-year).
- 2011: Revenue of $4K, expenses of $340K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Avrum Gray Family Fund:
Data Sources and Methodology
This transparency report for Avrum Gray Family Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.