Malcolm S Pray Jr Foundation Inc
Malcolm S Pray Jr Foundation: Strong Asset Base, Minimal Recent Activity
EIN: 222746854 · Greenwich, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $129K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $94K |
| Transparency Score | 60/100 |
Is Malcolm S Pray Jr Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Malcolm S Pray Jr Foundation Inc
Malcolm S Pray Jr Foundation Inc (EIN: 222746854) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $152K and total assets of $106K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Malcolm S Pray Jr Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Malcolm S Pray Jr Foundation Inc is a small nonprofit that has been operating for 39 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $129K |
| Surplus / Deficit | $-28,787 |
| Total Assets | $94K |
| Total Liabilities | $1 |
| Net Assets | $94K |
| Operating Margin | -28.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2020, Malcolm S Pray Jr Foundation Inc reported a deficit of $29K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Malcolm S Pray Jr Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -41.2% | -21.7% | -23.4% |
| 2015 | -102.4% | +49.3% | -42.2% |
| 2014 | +58077.5% | +11264.9% | +1153410.2% |
| 2013 | +47.7% | +5.9% | -61.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Malcolm S Pray Jr Foundation Inc with a Mission Score of 60 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Malcolm S Pray Jr Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, 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 no direct compensation to leadership.
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 Malcolm S Pray Jr Foundation Inc's IRS 990 filings:
- The foundation reported negative revenue of -$20,359 in 2015, which is unusual for a nonprofit.
- Spending breakdown shows 100% on administrative costs and 0% on programs and fundraising, raising questions about direct charitable impact.
- The most recent available data (2020) shows $100,013 in revenue and $128,800 in expenses, indicating a deficit for that year.
Strengths
The following positive indicators were identified for Malcolm S Pray Jr Foundation Inc:
- The foundation maintains a substantial asset base, with $94,426 in 2020 and significantly higher in prior years (e.g., $680,571 in 2014).
- Consistent reporting of $0 executive compensation demonstrates a commitment to minimizing administrative overhead in that area.
- The foundation has a long history of filings, indicating continued existence and compliance, even with fluctuating activity.
Frequently Asked Questions about Malcolm S Pray Jr Foundation Inc
Is Malcolm S Pray Jr Foundation Inc a legitimate charity?
Malcolm S Pray Jr Foundation Inc (EIN: 222746854) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 60/100. It has 7 years of IRS 990 filings on record. Total revenue: $152K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Malcolm S Pray Jr Foundation Inc spend its money?
Malcolm S Pray Jr Foundation Inc reported $152K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Malcolm S Pray Jr Foundation Inc tax-deductible?
Malcolm S Pray Jr Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222746854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Malcolm S Pray Jr Foundation Inc CEO make?
Malcolm S Pray Jr Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $152K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Malcolm S Pray Jr Foundation Inc located?
Malcolm S Pray Jr Foundation Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 222746854.
How many years of IRS 990 filings does Malcolm S Pray Jr Foundation Inc have?
Malcolm S Pray Jr Foundation Inc has 7 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 $152K in total revenue.
What does Malcolm S Pray Jr Foundation Inc do?
Malcolm S Pray Jr Foundation Inc is a nonprofit organization in the Unknown sector, located in Greenwich, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Malcolm S Pray Jr Foundation Inc have?
Malcolm S Pray Jr Foundation Inc reported total revenue of $151,999. Based on 7 IRS 990 filings on record.
What are Malcolm S Pray Jr Foundation Inc's total assets?
Malcolm S Pray Jr Foundation Inc holds total assets of $106,006 as reported in IRS 990 filings.
Where is Malcolm S Pray Jr Foundation Inc located?
Malcolm S Pray Jr Foundation Inc is based in Greenwich, Connecticut.
What is Malcolm S Pray Jr Foundation Inc's EIN?
Malcolm S Pray Jr Foundation Inc's Employer Identification Number (EIN) is 222746854. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Malcolm S Pray Jr Foundation Inc?
Malcolm S Pray Jr Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Malcolm S Pray Jr Foundation Inc a registered 501(c)(3)?
Malcolm S Pray Jr Foundation Inc appears in IRS records (EIN: 222746854). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Malcolm S Pray Jr Foundation Inc file IRS Form 990?
Yes, Malcolm S Pray Jr Foundation Inc has 7 IRS Form 990 filings on record. The most recent covers tax period 202012.
What was Malcolm S Pray Jr Foundation Inc's revenue in 2020?
In the 202012 filing period, Malcolm S Pray Jr Foundation Inc reported total revenue of $100,013, total expenses of $128,800, and net assets of $94,426.
Is Malcolm S Pray Jr Foundation Inc's revenue growing or declining?
Malcolm S Pray Jr Foundation Inc's revenue is declining. Revenue went from $170,120 (201912) to $100,013 (202012), a -41.2% change. Based on 7 filings on record.
What is Malcolm S Pray Jr Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Malcolm S Pray Jr Foundation Inc covers tax period 202012. It shows revenue of $100,013, expenses of $128,800, total assets of $94,426, and liabilities of $1.
Is Malcolm S Pray Jr Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Malcolm S Pray Jr Foundation Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Malcolm S Pray Jr Foundation Inc?
The following concerns were identified: The foundation reported negative revenue of -$20,359 in 2015, which is unusual for a nonprofit.. Spending breakdown shows 100% on administrative costs and 0% on programs and fundraising, raising questions about direct charitable impact.. The most recent available data (2020) shows $100,013 in revenue and $128,800 in expenses, indicating a deficit for that year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Malcolm S Pray Jr Foundation Inc's strengths?
Positive indicators for Malcolm S Pray Jr Foundation Inc include: The foundation maintains a substantial asset base, with $94,426 in 2020 and significantly higher in prior years (e.g., $680,571 in 2014).. Consistent reporting of $0 executive compensation demonstrates a commitment to minimizing administrative overhead in that area.. The foundation has a long history of filings, indicating continued existence and compliance, even with fluctuating activity.. These findings are derived from AI analysis of the organization's financial filings.
How does Malcolm S Pray Jr Foundation Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating no direct compensation to leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% for program spending and 100% for administrative costs, what is the primary charitable activity or purpose of the Malcolm S Pray Jr Foundation?
Based on the provided data, the foundation's primary charitable activity is not evident through direct program spending. The 'administrative' expenses would need further breakdown from full tax forms to understand their nature, as they consume 100% of reported expenditures.
How does the foundation sustain its operations and maintain its asset base given years with negative revenue (e.g., -$20,359 in 2015) and years where expenses exceed revenue (e.g., 2020 with $100,013 revenue and $128,800 expenses)?
The foundation likely relies on its existing asset base to cover deficits in years where expenses exceed revenue or when revenue is negative. This suggests a strategy of drawing down assets or potentially receiving non-revenue contributions not captured in the 'r' field, or that the 'revenue' field might not encompass all forms of financial inflow.
Filing History
IRS 990 filing history for Malcolm S Pray Jr Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Malcolm S Pray Jr Foundation Inc's revenue has grown by 292.2%, moving from $26K to $100K. Total assets increased by 14631% over the same period, from $641 to $94K. Total functional expenses rose by 412.6%, from $25K to $129K. In its most recent filing year (2020), Malcolm S Pray Jr Foundation Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $1 in liabilities against $94K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $94K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $100K | $129K | $94K | $1 | — | — |
| 2019 | $170K | $164K | $123K | $1 | — | View 990 |
| 2015 | $-20,359 | $267K | $393K | $1 | — | View 990 |
| 2014 | $859K | $179K | $681K | $1 | — | View 990 |
| 2013 | $1K | $2K | $59 | $1 | — | View 990 |
| 2012 | $1K | $1K | $155 | $0 | — | View 990 |
| 2011 | $26K | $25K | $641 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $100K, expenses of $129K, and assets of $94K (revenue -41.2% year-over-year).
- 2019: Revenue of $170K, expenses of $164K, and assets of $123K.
- 2015: Revenue of $-20,359, expenses of $267K, and assets of $393K (revenue -102.4% year-over-year).
- 2014: Revenue of $859K, expenses of $179K, and assets of $681K (revenue +58077.5% year-over-year).
- 2013: Revenue of $1K, expenses of $2K, and assets of $59 (revenue +47.7% year-over-year).
- 2012: Revenue of $1K, expenses of $1K, and assets of $155 (revenue -96.1% year-over-year).
- 2011: Revenue of $26K, expenses of $25K, and assets of $641.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Malcolm S Pray Jr Foundation Inc:
Data Sources and Methodology
This transparency report for Malcolm S Pray Jr 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.