Lerner Gray Foundation Inc
Lerner Gray Foundation consistently spends more than it receives, drawing down assets, with no reported officer compensation.
EIN: 136113576 · Bluffton, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $85K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $314,075, |
| Net Assets | $449K |
| Transparency Score | 75/100 |
Is Lerner Gray Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lerner Gray Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lerner Gray Foundation Inc
Lerner Gray Foundation Inc (EIN: 136113576) is a nonprofit organization based in Bluffton, SC. The organization reported total revenue of $314K and total assets of $394K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lerner Gray Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lerner Gray Foundation Inc is a small nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 34.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $85K |
| Surplus / Deficit | $-27,671 |
| Total Assets | $449K |
| Total Liabilities | $1 |
| Net Assets | $449K |
| Operating Margin | -48.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 63.5 months |
Financial Health Grade: B
In 2023, Lerner Gray Foundation Inc reported a deficit of $28K with expenses exceeding revenue, holds 63.5 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), Lerner Gray Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +138.7% | +4.3% | -5.8% |
| 2022 | -61.5% | -8.3% | -10.7% |
| 2021 | +31.4% | +4.3% | -4.7% |
| 2020 | -39.5% | -25.5% | -6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Lerner Gray Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lerner Gray Foundation Inc 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 $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is not compensated, which is highly favorable for a nonprofit of its size (latest revenue $314,075, assets $394,062).
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 Lerner Gray Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) leading to asset depletion (e.g., assets decreased from $598,122 in 2019 to $448,948 in 2023).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Lerner Gray Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Minimal liabilities ($1 or $0) consistently reported, suggesting strong financial control over debt.
- Long operational history with 10 filings, indicating stability and continued activity.
Frequently Asked Questions about Lerner Gray Foundation Inc
Is Lerner Gray Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lerner Gray Foundation Inc (EIN: 136113576) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Lerner Gray Foundation Inc spend its money?
Lerner Gray Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lerner Gray Foundation Inc tax-deductible?
Lerner Gray Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136113576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lerner Gray Foundation Inc CEO make?
Lerner Gray Foundation Inc's highest-compensated officer earns $314,075, annually. The organization reported $314K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Lerner Gray Foundation Inc located?
Lerner Gray Foundation Inc is headquartered in Bluffton, South Carolina and files with the IRS under EIN 136113576.
How many years of IRS 990 filings does Lerner Gray Foundation Inc have?
Lerner Gray Foundation Inc 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 $314K in total revenue.
What is the primary purpose or mission of the Lerner Gray Foundation Inc.?
Based on the financial data, the organization appears to be a grant-making entity, consistently distributing funds (expenses exceeding revenue) and drawing down its asset base over time. However, the specific programmatic areas or beneficiaries are not detailed in the provided financial summary.
How does the organization sustain its operations given consistent revenue deficits?
The organization sustains its operations by drawing down its existing asset base. For instance, assets decreased from $534,017 in 2021 to $448,948 in 2023, while expenses consistently exceeded revenue in these periods.
What are the administrative costs, given the lack of officer compensation?
While officer compensation is zero, there are still operational expenses (e.g., $84,840 in 2023) that are not directly program-related. Without a detailed expense breakdown, it's difficult to pinpoint exact administrative costs, but they would encompass necessary overhead beyond direct program distributions.
Filing History
IRS 990 filing history for Lerner Gray Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lerner Gray Foundation Inc's revenue has grown by 3527.5%, moving from $2K to $57K. Total assets increased by 13.4% over the same period, from $396K to $449K. Total functional expenses rose by 450.9%, from $15K to $85K. In its most recent filing year (2023), Lerner Gray Foundation Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $1 in liabilities against $449K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $449K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $85K | $449K | $1 | — | — |
| 2022 | $24K | $81K | $477K | $1 | — | — |
| 2021 | $62K | $89K | $534K | $1 | — | — |
| 2020 | $47K | $85K | $560K | $1 | — | — |
| 2019 | $78K | $114K | $598K | $1 | — | View 990 |
| 2015 | $-2,685 | $93K | $445K | $1 | — | View 990 |
| 2014 | $105K | $72K | $542K | $1 | — | View 990 |
| 2013 | $10K | $112K | $537K | $0 | — | View 990 |
| 2012 | $317K | $64K | $556K | $0 | — | View 990 |
| 2011 | $2K | $15K | $396K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $85K, and assets of $449K (revenue +138.7% year-over-year).
- 2022: Revenue of $24K, expenses of $81K, and assets of $477K (revenue -61.5% year-over-year).
- 2021: Revenue of $62K, expenses of $89K, and assets of $534K (revenue +31.4% year-over-year).
- 2020: Revenue of $47K, expenses of $85K, and assets of $560K (revenue -39.5% year-over-year).
- 2019: Revenue of $78K, expenses of $114K, and assets of $598K.
- 2015: Revenue of $-2,685, expenses of $93K, and assets of $445K (revenue -102.5% year-over-year).
- 2014: Revenue of $105K, expenses of $72K, and assets of $542K (revenue +950.5% year-over-year).
- 2013: Revenue of $10K, expenses of $112K, and assets of $537K (revenue -96.8% year-over-year).
- 2012: Revenue of $317K, expenses of $64K, and assets of $556K (revenue +19986.4% year-over-year).
- 2011: Revenue of $2K, expenses of $15K, and assets of $396K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lerner Gray Foundation Inc:
Data Sources and Methodology
This transparency report for Lerner Gray Foundation 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.