Graystone Society Inc
Graystone Society Inc: Consistent Program Spending, Declining Revenue Trend
EIN: 222601403 · Coatesville, PA · NTEE: A82 · Updated: 2026-04-04
Is Graystone Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Graystone Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Graystone Society Inc
Graystone Society Inc (EIN: 222601403) is a nonprofit organization based in Coatesville, PA, classified under NTEE code A82. The organization reported total revenue of $596K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Graystone Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Graystone Society Inc is a small nonprofit that has been operating for 1 years, with 7 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $619K |
| Total Expenses | $554K |
| Surplus / Deficit | +$65K |
| Total Assets | $3.1M |
| Total Liabilities | $96K |
| Net Assets | $3.0M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 66.1 months |
Financial Health Grade: A
In 2023, Graystone Society Inc reported a surplus of $65K with revenue exceeding expenses, holds 66.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 7 years of filings (2010–2023), Graystone Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.5% | +2.8% | +28.7% |
| 2015 | -14.0% | -1.7% | +5.6% |
| 2014 | +66.1% | +20.3% | +4.5% |
| 2013 | +12.5% | +8.1% | +3.5% |
| 2012 | +50.5% | +76.6% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
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 Graystone Society Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Graystone Society Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is not reported in the available 990-EZ filings, suggesting it is below the $100,000 threshold for individual reporting.
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 Graystone Society Inc's IRS 990 filings:
- Revenue has shown a significant decline from $813,349 in 2014 to $619,099 in 2023.
- The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which may indicate underreporting or reliance on volunteer leadership for key roles.
Strengths
The following positive indicators were identified for Graystone Society Inc:
- A high percentage of expenses are consistently allocated to program services (e.g., 90% in 2023 based on total expenses of $554,363 and program service expenses of $498,927).
- Net assets have shown consistent growth over the past decade, from $2,247,976 in 2014 to $3,055,451 in 2023.
- The organization maintains a healthy financial position with assets significantly exceeding liabilities.
Frequently Asked Questions about Graystone Society Inc
Is Graystone Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Graystone Society Inc (EIN: 222601403) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Graystone Society Inc spend its money?
Graystone Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Graystone Society Inc tax-deductible?
Graystone Society Inc is registered as a tax-exempt nonprofit (EIN: 222601403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Graystone Society Inc do?
Graystone Society Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Coatesville, Pennsylvania. It is classified under NTEE code A82.
How much revenue does Graystone Society Inc have?
Graystone Society Inc reported total revenue of $595,940. Based on 7 IRS 990 filings on record.
What are Graystone Society Inc's total assets?
Graystone Society Inc holds total assets of $3,037,009 as reported in IRS 990 filings.
Where is Graystone Society Inc located?
Graystone Society Inc is based in Coatesville, Pennsylvania.
What is Graystone Society Inc's EIN?
Graystone Society Inc's Employer Identification Number (EIN) is 222601403. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Graystone Society Inc?
Graystone Society Inc is classified under NTEE code A82 (Arts, Culture & Humanities).
Is Graystone Society Inc a registered 501(c)(3)?
Yes, Graystone Society Inc is recognized as a tax-exempt organization by the IRS. EIN: 222601403.
Does Graystone Society Inc file IRS Form 990?
Yes, Graystone Society Inc has 7 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Graystone Society Inc's revenue in 2023?
In the 202312 filing period, Graystone Society Inc reported total revenue of $619,099, total expenses of $554,363, and net assets of $3,055,451.
Is Graystone Society Inc's revenue growing or declining?
Graystone Society Inc's revenue is declining. Revenue went from $699,644 (201512) to $619,099 (202312), a -11.5% change. Based on 7 filings on record.
What is Graystone Society Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Graystone Society Inc covers tax period 202312. It shows revenue of $619,099, expenses of $554,363, total assets of $3,055,451, and liabilities of $95,740.
How much does Graystone Society Inc spend on programs vs administration?
Based on IRS 990 analysis, Graystone Society Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Graystone Society Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Graystone Society Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Graystone Society Inc?
The following concerns were identified: Revenue has shown a significant decline from $813,349 in 2014 to $619,099 in 2023.. The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which may indicate underreporting or reliance on volunteer leadership for key roles.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Graystone Society Inc's strengths?
Positive indicators for Graystone Society Inc include: A high percentage of expenses are consistently allocated to program services (e.g., 90% in 2023 based on total expenses of $554,363 and program service expenses of $498,927).. Net assets have shown consistent growth over the past decade, from $2,247,976 in 2014 to $3,055,451 in 2023.. The organization maintains a healthy financial position with assets significantly exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Graystone Society Inc compensate executives?
Executive compensation is not reported in the available 990-EZ filings, suggesting it is below the $100,000 threshold for individual reporting. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% reported compensation for officers, directors, trustees, and key employees, how does Graystone Society Inc ensure effective leadership and operational continuity?
This suggests a heavy reliance on volunteer leadership or that compensation for key roles falls below the IRS reporting threshold for Form 990-EZ, which could impact long-term sustainability and professional management.
What strategies are in place to address the declining revenue trend observed since 2014, and how will this impact future program delivery?
The decline from $813,349 in 2014 to $619,099 in 2023 indicates a need for revenue diversification or enhanced fundraising efforts to maintain or expand current program services.
Filing History
IRS 990 filing history for Graystone Society Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2023), Graystone Society Inc's revenue has grown by 238.7%, moving from $183K to $619K. Total assets increased by 57.1% over the same period, from $1.9M to $3.1M. Total functional expenses rose by 19.9%, from $462K to $554K. In its most recent filing year (2023), Graystone Society Inc reported a surplus of $65K, with revenue exceeding expenses. The organization holds $96K in liabilities against $3.1M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $619K | $554K | $3.1M | $96K | — | — |
| 2015 | $700K | $539K | $2.4M | $184K | — | View 990 |
| 2014 | $813K | $549K | $2.2M | $219K | — | View 990 |
| 2013 | $490K | $456K | $2.2M | $386K | — | View 990 |
| 2012 | $435K | $422K | $2.1M | $347K | — | View 990 |
| 2011 | $289K | $239K | $2.0M | $243K | — | View 990 |
| 2010 | $183K | $462K | $1.9M | $278K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $619K, expenses of $554K, and assets of $3.1M (revenue -11.5% year-over-year).
- 2015: Revenue of $700K, expenses of $539K, and assets of $2.4M (revenue -14.0% year-over-year).
- 2014: Revenue of $813K, expenses of $549K, and assets of $2.2M (revenue +66.1% year-over-year).
- 2013: Revenue of $490K, expenses of $456K, and assets of $2.2M (revenue +12.5% year-over-year).
- 2012: Revenue of $435K, expenses of $422K, and assets of $2.1M (revenue +50.5% year-over-year).
- 2011: Revenue of $289K, expenses of $239K, and assets of $2.0M (revenue +58.3% year-over-year).
- 2010: Revenue of $183K, expenses of $462K, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Graystone Society 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.