Gray Family Foundation
Gray Family Foundation shows fluctuating revenues and expenses, maintaining substantial assets with no officer compensation.
EIN: 207040780 · Beaufort, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16K |
| Total Expenses | $50K |
| Program Spending | 90% |
| Net Assets | $478K |
| Transparency Score | 75/100 |
Is Gray Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gray Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gray Family Foundation
Gray Family Foundation (EIN: 207040780) is a nonprofit organization based in Beaufort, SC, classified under NTEE code T22. The organization reported total revenue of $16K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gray Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gray Family Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 131.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $50K |
| Surplus / Deficit | $-26,771 |
| Total Assets | $478K |
| Total Liabilities | $1 |
| Net Assets | $478K |
| Operating Margin | -115.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 114.8 months |
Financial Health Grade: B
In 2023, Gray Family Foundation reported a deficit of $27K with expenses exceeding revenue, holds 114.8 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), Gray Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 131.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +344.1% | -35.9% | -5.3% |
| 2022 | -99.0% | +200.4% | -12.6% |
| 2021 | +392.7% | -90.6% | +456.4% |
| 2020 | -79.8% | -6.8% | -62.6% |
| 2019 | +100.5% | +437.6% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Family Foundation with a Mission Score of 75 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 Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is not compensated from its funds, which is a strong positive for resource allocation.
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 Family Foundation's IRS 990 filings:
- Inconsistent revenue streams leading to significant year-over-year fluctuations
- Expenses frequently exceeding revenue in recent years (e.g., 2022, 2023)
Strengths
The following positive indicators were identified for Gray Family Foundation:
- Consistent 0% officer compensation, indicating efficient use of funds for mission
- Substantial and growing asset base ($478,376 in 2023) relative to revenue
- Minimal liabilities ($1 across all filings) indicating strong financial health
- Long and consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Gray Family Foundation
Is Gray Family Foundation a legitimate charity?
Gray Family Foundation (EIN: 207040780) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $16K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Gray Family Foundation spend its money?
Gray Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Gray Family Foundation tax-deductible?
Gray Family Foundation is registered as a tax-exempt nonprofit (EIN: 207040780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Gray Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gray Family Foundation 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 Gray Family Foundation located?
Gray Family Foundation is headquartered in Beaufort, South Carolina and files with the IRS under EIN 207040780. It is classified under NTEE code T22.
How many years of IRS 990 filings does Gray Family Foundation have?
Gray Family Foundation 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 $16K in total revenue.
What is the primary purpose of the Gray Family Foundation's expenses, given its NTEE code T22?
As a private foundation (NTEE T22), the primary purpose of its expenses is typically grantmaking to other charitable organizations or individuals, rather than direct program services.
Why has the Gray Family Foundation's revenue fluctuated so dramatically year-to-year?
The dramatic fluctuations in revenue, such as $500,017 in 2021 compared to $5,230 in 2022, could be due to irregular large donations, investment gains/losses, or specific endowment distributions, which are common for private foundations.
Is the Gray Family Foundation financially stable despite recent deficits?
Despite recent deficits where expenses exceeded revenue (e.g., $50,000 expenses vs. $23,229 revenue in 2023), the foundation maintains substantial assets ($478,376 in 2023) and minimal liabilities ($1), suggesting a strong underlying financial position capable of absorbing short-term operational deficits.
Filing History
IRS 990 filing history for Gray Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gray Family Foundation's revenue has grown by 2322800%, moving from $1 to $23K. Total assets increased by 469.6% over the same period, from $84K to $478K. Total functional expenses rose by 124.2%, from $22K to $50K. In its most recent filing year (2023), Gray Family Foundation reported a deficit of $27K, with expenses exceeding revenue. The organization holds $1 in liabilities against $478K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $478K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $50K | $478K | $1 | — | — |
| 2022 | $5K | $78K | $505K | $1 | — | View 990 |
| 2021 | $500K | $26K | $578K | $1 | — | — |
| 2020 | $101K | $275K | $104K | $1 | — | — |
| 2019 | $501K | $296K | $278K | $1 | — | — |
| 2015 | $250K | $55K | $275K | $1 | — | View 990 |
| 2014 | $1 | $3K | $80K | $1 | — | View 990 |
| 2013 | $1 | $39 | $83K | $1 | — | View 990 |
| 2012 | $1 | $458 | $84K | $1 | — | View 990 |
| 2011 | $1 | $22K | $84K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $50K, and assets of $478K (revenue +344.1% year-over-year).
- 2022: Revenue of $5K, expenses of $78K, and assets of $505K (revenue -99.0% year-over-year).
- 2021: Revenue of $500K, expenses of $26K, and assets of $578K (revenue +392.7% year-over-year).
- 2020: Revenue of $101K, expenses of $275K, and assets of $104K (revenue -79.8% year-over-year).
- 2019: Revenue of $501K, expenses of $296K, and assets of $278K (revenue +100.5% year-over-year).
- 2015: Revenue of $250K, expenses of $55K, and assets of $275K (revenue +24999900.0% year-over-year).
- 2014: Revenue of $1, expenses of $3K, and assets of $80K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $39, and assets of $83K (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $458, and assets of $84K (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $22K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gray Family Foundation:
Data Sources and Methodology
This transparency report for Gray Family Foundation 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.