Gray Matters Capital Inc
Gray Matters Capital Inc. maintains strong asset base and consistent revenue generation with low reported officer compensation.
EIN: 205176973 · Atlanta, GA · NTEE: Q32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $705K |
| Total Expenses | $2.0M |
| Program Spending | 75% |
| Net Assets | $43.0M |
| Transparency Score | 85/100 |
Is Gray Matters Capital Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gray Matters Capital Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gray Matters Capital Inc
Gray Matters Capital Inc (EIN: 205176973) is a nonprofit organization based in Atlanta, GA, classified under NTEE code Q32. The organization reported total revenue of $705K and total assets of $52.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gray Matters Capital Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gray Matters Capital Inc is a small nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.2M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$5.2M |
| Total Assets | $51.3M |
| Total Liabilities | $8.4M |
| Net Assets | $43.0M |
| Operating Margin | 71.7% |
| Debt-to-Asset Ratio | 16.3% |
| Months of Reserves | 302.1 months |
Financial Health Grade: A
In 2022, Gray Matters Capital Inc reported a surplus of $5.2M with revenue exceeding expenses, holds 302.1 months of operating reserves (strong position), has a debt-to-asset ratio of 16.3% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Gray Matters Capital Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -39.2% | -47.1% | +13.3% |
| 2021 | -23.7% | +48.3% | -28.1% |
| 2020 | +244.0% | -42.5% | +25.8% |
| 2019 | +11.2% | +248.0% | +30.8% |
| 2015 | -73.4% | -26.2% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 Matters Capital Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Gray Matters Capital Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.3%.
Executive Compensation Analysis
Gray Matters Capital Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, which is a strong positive for transparency and 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 Matters Capital Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, limiting full assessment of program efficiency.
Strengths
The following positive indicators were identified for Gray Matters Capital Inc:
- Strong asset base, with assets consistently over $35 million since 2014 and reaching over $52 million in the latest period.
- Consistent reporting of 0% officer compensation, indicating high transparency regarding executive pay.
- Revenues frequently exceed expenses, demonstrating effective financial management and ability to build reserves (e.g., 2022 revenue $7.2M vs. expenses $2.0M).
- Significant revenue generation capacity, with several years showing revenues over $10 million.
Frequently Asked Questions about Gray Matters Capital Inc
Is Gray Matters Capital Inc a legitimate charity?
Gray Matters Capital Inc (EIN: 205176973) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $705K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Gray Matters Capital Inc spend its money?
Gray Matters Capital Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Gray Matters Capital Inc tax-deductible?
Gray Matters Capital Inc is registered as a tax-exempt nonprofit (EIN: 205176973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gray Matters Capital Inc's spending goes to programs?
Gray Matters Capital Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gray Matters Capital Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gray Matters Capital Inc is above average for NTEE category Q32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gray Matters Capital Inc located?
Gray Matters Capital Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 205176973. It is classified under NTEE code Q32.
How many years of IRS 990 filings does Gray Matters Capital Inc have?
Gray Matters Capital Inc has 9 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 $705K in total revenue.
Is Gray Matters Capital Inc. financially stable?
Yes, Gray Matters Capital Inc. appears financially stable, with assets of $52,070,429 in the latest period and a history of revenues significantly exceeding expenses, such as $7,204,447 in revenue versus $2,038,910 in expenses in 2022.
What is the trend in Gray Matters Capital Inc.'s revenue?
Gray Matters Capital Inc.'s revenue has fluctuated significantly over the years, ranging from a low of $28,616 in 2013 to a high of $15,536,272 in 2020, indicating varied funding streams or project cycles.
How does Gray Matters Capital Inc. manage executive compensation?
Gray Matters Capital Inc. reports 0% officer compensation in all available IRS 990 filings, suggesting that no salaries or other compensation were paid to its officers.
Filing History
IRS 990 filing history for Gray Matters Capital Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Gray Matters Capital Inc's revenue has grown by 16%, moving from $6.2M to $7.2M. Total assets increased by 182% over the same period, from $18.2M to $51.3M. Total functional expenses rose by 36.2%, from $1.5M to $2.0M. In its most recent filing year (2022), Gray Matters Capital Inc reported a surplus of $5.2M, with revenue exceeding expenses. The organization holds $8.4M in liabilities against $51.3M in assets (debt-to-asset ratio: 16.3%), resulting in net assets of $43.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $7.2M | $2.0M | $51.3M | $8.4M | — | View 990 |
| 2021 | $11.9M | $3.9M | $45.3M | $7.6M | — | View 990 |
| 2020 | $15.5M | $2.6M | $63.0M | $1.1M | — | View 990 |
| 2019 | $4.5M | $4.5M | $50.1M | $1.0M | — | — |
| 2015 | $4.1M | $1.3M | $38.3M | $3.4M | — | View 990 |
| 2014 | $15.3M | $1.8M | $36.3M | $4.1M | — | View 990 |
| 2013 | $29K | $2.9M | $20.8M | $2.1M | — | View 990 |
| 2012 | $7.1M | $3.6M | $21.7M | $126K | — | View 990 |
| 2011 | $6.2M | $1.5M | $18.2M | $199K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $7.2M, expenses of $2.0M, and assets of $51.3M (revenue -39.2% year-over-year).
- 2021: Revenue of $11.9M, expenses of $3.9M, and assets of $45.3M (revenue -23.7% year-over-year).
- 2020: Revenue of $15.5M, expenses of $2.6M, and assets of $63.0M (revenue +244.0% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.5M, and assets of $50.1M (revenue +11.2% year-over-year).
- 2015: Revenue of $4.1M, expenses of $1.3M, and assets of $38.3M (revenue -73.4% year-over-year).
- 2014: Revenue of $15.3M, expenses of $1.8M, and assets of $36.3M (revenue +53307.8% year-over-year).
- 2013: Revenue of $29K, expenses of $2.9M, and assets of $20.8M (revenue -99.6% year-over-year).
- 2012: Revenue of $7.1M, expenses of $3.6M, and assets of $21.7M (revenue +14.6% year-over-year).
- 2011: Revenue of $6.2M, expenses of $1.5M, and assets of $18.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gray Matters Capital Inc:
Data Sources and Methodology
This transparency report for Gray Matters Capital Inc 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.