Gray Matter Experience
EIN: 811936438 · Chicago, IL · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $768K |
| Total Expenses | $876K |
| Net Assets | $619K |
Is Gray Matter Experience Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gray Matter Experience
Gray Matter Experience (EIN: 811936438) is a nonprofit organization based in Chicago, IL, classified under NTEE code B25. The organization reported total revenue of $768K and total assets of $614K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gray Matter Experience's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gray Matter Experience is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2020–2024). Revenue has grown at a compound annual rate of 46.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $714K |
| Total Expenses | $876K |
| Surplus / Deficit | $-161,282 |
| Total Assets | $630K |
| Total Liabilities | $11K |
| Net Assets | $619K |
| Operating Margin | -22.6% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 8.6 months |
Financial Health Grade: B
In 2024, Gray Matter Experience reported a deficit of $161K with expenses exceeding revenue, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 5 years of filings (2020–2024), Gray Matter Experience's revenue has grown at a compound annual growth rate (CAGR) of 46.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -22.8% | +34.8% | -23.5% |
| 2023 | +58.5% | +109.2% | +53.7% |
| 2022 | +86.5% | +79.3% | +85.0% |
| 2021 | +103.2% | +149.3% | +149.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gray Matter Experience has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gray Matter Experience with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $161K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Gray Matter Experience
Is Gray Matter Experience a legitimate charity?
Gray Matter Experience (EIN: 811936438) is a registered tax-exempt nonprofit based in Illinois. It has 5 years of IRS 990 filings on record. Total revenue: $768K. No red flags identified. Financial health grade: B.
How does Gray Matter Experience spend its money?
Gray Matter Experience reported $768K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gray Matter Experience tax-deductible?
Gray Matter Experience is registered as a tax-exempt nonprofit (EIN: 811936438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gray Matter Experience located?
Gray Matter Experience is headquartered in Chicago, Illinois and files with the IRS under EIN 811936438. It is classified under NTEE code B25.
How many years of IRS 990 filings does Gray Matter Experience have?
Gray Matter Experience has 5 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 $768K in total revenue.
Filing History
IRS 990 filing history for Gray Matter Experience showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2020–2024), Gray Matter Experience's revenue has grown by 364%, moving from $154K to $714K. Total assets increased by 442.2% over the same period, from $116K to $630K. Total functional expenses rose by 1160.6%, from $69K to $876K. In its most recent filing year (2024), Gray Matter Experience reported a deficit of $161K, with expenses exceeding revenue. The organization holds $11K in liabilities against $630K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $619K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $714K | $876K | $630K | $11K | — | — |
| 2023 | $925K | $650K | $823K | $43K | — | View 990 |
| 2022 | $584K | $310K | $536K | $31K | — | View 990 |
| 2021 | $313K | $173K | $290K | $51K | — | View 990 |
| 2020 | $154K | $69K | $116K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $714K, expenses of $876K, and assets of $630K (revenue -22.8% year-over-year).
- 2023: Revenue of $925K, expenses of $650K, and assets of $823K (revenue +58.5% year-over-year).
- 2022: Revenue of $584K, expenses of $310K, and assets of $536K (revenue +86.5% year-over-year).
- 2021: Revenue of $313K, expenses of $173K, and assets of $290K (revenue +103.2% year-over-year).
- 2020: Revenue of $154K, expenses of $69K, and assets of $116K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gray Matter Experience:
Data Sources and Methodology
This transparency report for Gray Matter Experience 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.