Gray Community Endowment Corporation
Gray Community Endowment Corporation reports zero revenue and assets in its latest filing, indicating minimal financial activity.
EIN: 10544440 · Gray, ME · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $16K |
| Program Spending | 90% |
| Net Assets | $223K |
| Transparency Score | 65/100 |
Is Gray Community Endowment Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gray Community Endowment Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gray Community Endowment Corporation
Gray Community Endowment Corporation (EIN: 10544440) is a nonprofit organization based in Gray, ME, classified under NTEE code P12. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gray Community Endowment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gray Community Endowment Corporation is a micro nonprofit that has been operating for 24 years, with 2 years of IRS 990 filings on record (2011–2012). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $16K |
| Surplus / Deficit | $-6,147 |
| Total Assets | $223K |
| Net Assets | $223K |
| Operating Margin | -64.9% |
| Months of Reserves | 171.6 months |
Financial Health Grade: B
In 2012, Gray Community Endowment Corporation reported a deficit of $6K with expenses exceeding revenue, holds 171.6 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2011–2012), Gray Community Endowment Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | +8.6% | +2610.4% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Gray Community Endowment Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Gray Community Endowment Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
Executive Compensation Analysis
No officer compensation was reported in the available filings (2011 and 2012), suggesting a volunteer-led organization or one with no paid executives, which is appropriate given its very small size and financial scale.
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 Gray Community Endowment Corporation's IRS 990 filings:
- Zero reported revenue and assets in the latest filing, indicating potential dormancy or cessation of operations.
Strengths
The following positive indicators were identified for Gray Community Endowment Corporation:
- No reported officer compensation in historical filings, suggesting efficient use of funds for a small organization.
- Consistent filing of IRS Form 990, demonstrating a commitment to transparency even with minimal activity.
Frequently Asked Questions about Gray Community Endowment Corporation
Is Gray Community Endowment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gray Community Endowment Corporation (EIN: 10544440) some concerns. Mission Score: 65/100. 1 red flag identified, 2 strengths noted.
How does Gray Community Endowment Corporation spend its money?
Gray Community Endowment Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gray Community Endowment Corporation tax-deductible?
Gray Community Endowment Corporation is registered as a tax-exempt nonprofit (EIN: 10544440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gray Community Endowment Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Gray Community Endowment Corporation is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gray Community Endowment Corporation located?
Gray Community Endowment Corporation is headquartered in Gray, Maine and files with the IRS under EIN 10544440. It is classified under NTEE code P12.
How many years of IRS 990 filings does Gray Community Endowment Corporation have?
Gray Community Endowment Corporation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What is the current operational status of Gray Community Endowment Corporation given its zero reported revenue and assets?
The latest filing indicates no financial activity, suggesting the organization may be dormant or operating on an extremely small, non-reportable scale.
How does the organization fund its activities if it reports zero revenue?
Based on the latest filing, it does not appear to be funding any activities. In prior years, its revenue was minimal, likely from small donations or investment income.
Filing History
IRS 990 filing history for Gray Community Endowment Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2012), Gray Community Endowment Corporation's revenue has grown by 8.6%, moving from $9K to $9K. Total assets decreased by 1.8% over the same period, from $227K to $223K. Total functional expenses rose by 2610.4%, from $576 to $16K. In its most recent filing year (2012), Gray Community Endowment Corporation reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $9K | $16K | $223K | $0 | — | View 990 |
| 2011 | $9K | $576 | $227K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gray Community Endowment Corporation:
Data Sources and Methodology
This transparency report for Gray Community Endowment Corporation 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.