Peter And Josephine Grayson Foundation
Peter And Josephine Grayson Foundation maintains strong assets with no officer compensation, though recent expenses have slightly outpaced revenue.
EIN: 133949093 · Red Bank, NJ · NTEE: T20Z · Updated: 2026-03-28
Is Peter And Josephine Grayson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peter And Josephine Grayson Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peter And Josephine Grayson Foundation
Peter And Josephine Grayson Foundation (EIN: 133949093) is a nonprofit organization based in Red Bank, NJ, classified under NTEE code T20Z. The organization reported total revenue of $693K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peter And Josephine Grayson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Peter And Josephine Grayson Foundation with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Peter And Josephine Grayson Foundation 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all nine filing periods, indicating that the foundation operates without paid officers, which is highly unusual for an organization of its asset size ($1.4 million). This suggests a volunteer-led or very lean operational model, significantly reducing administrative overhead.
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 Peter And Josephine Grayson Foundation's IRS 990 filings:
- Expenses exceeding revenue in recent years (2022 and 2023), potentially drawing down reserves if not offset by investment gains.
Strengths
The following positive indicators were identified for Peter And Josephine Grayson Foundation:
- Consistent 0% officer compensation, indicating extremely low administrative overhead.
- Strong and stable asset base, exceeding $1.4 million in recent years.
- Minimal liabilities, demonstrating sound financial management and low risk.
- Consistent IRS 990 filing history over nine periods, indicating good transparency.
- High potential for program spending efficiency due to lack of executive salaries.
Frequently Asked Questions about Peter And Josephine Grayson Foundation
Is Peter And Josephine Grayson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Peter And Josephine Grayson Foundation (EIN: 133949093) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Peter And Josephine Grayson Foundation spend its money?
Peter And Josephine Grayson Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peter And Josephine Grayson Foundation tax-deductible?
Peter And Josephine Grayson Foundation is registered as a tax-exempt nonprofit (EIN: 133949093). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Peter And Josephine Grayson Foundation financially stable?
Yes, the foundation appears financially stable, maintaining over $1.4 million in assets as of 2023 and consistently low liabilities ($1). While expenses have slightly exceeded revenue in the last two years, the substantial asset base provides a strong buffer.
How efficient is the foundation's spending?
The foundation demonstrates high spending efficiency, primarily due to 0% officer compensation across all reported periods. This suggests that a very high proportion of its expenditures likely goes towards its programs and mission, with minimal administrative overhead.
Does the foundation have any significant liabilities?
No, the foundation consistently reports minimal liabilities, typically $1 in recent years, indicating a very healthy balance sheet and low financial risk.
What is the trend in the foundation's revenue and expenses?
Revenue has fluctuated, peaking at $326,761 in 2020, but has generally been in the $144,000-$200,000 range in recent years. Expenses have also varied, with 2023 showing expenses ($187,561) exceeding revenue ($144,411), a trend also seen in 2022.
Filing History
IRS 990 filing history for Peter And Josephine Grayson Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Peter And Josephine Grayson Foundation's revenue has grown by 496.2%, moving from $24K to $144K. Total assets increased by 19% over the same period, from $1.2M to $1.4M. Total functional expenses rose by 142.2%, from $77K to $188K. In its most recent filing year (2023), Peter And Josephine Grayson Foundation reported a deficit of $43K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $144K | $188K | $1.4M | $1 | — | — |
| 2022 | $199K | $208K | $1.5M | $1 | — | View 990 |
| 2021 | $206K | $177K | $1.5M | $1 | — | View 990 |
| 2020 | $327K | $178K | $1.4M | $1 | — | — |
| 2019 | $98K | $133K | $1.3M | $1 | — | View 990 |
| 2014 | $95K | $135K | $1.1M | $0 | — | View 990 |
| 2013 | $116K | $109K | $1.2M | $0 | — | View 990 |
| 2012 | $34K | $74K | $1.2M | $0 | — | View 990 |
| 2011 | $24K | $77K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144K, expenses of $188K, and assets of $1.4M (revenue -27.6% year-over-year).
- 2022: Revenue of $199K, expenses of $208K, and assets of $1.5M (revenue -3.4% year-over-year).
- 2021: Revenue of $206K, expenses of $177K, and assets of $1.5M (revenue -36.8% year-over-year).
- 2020: Revenue of $327K, expenses of $178K, and assets of $1.4M (revenue +233.4% year-over-year).
- 2019: Revenue of $98K, expenses of $133K, and assets of $1.3M (revenue +3.1% year-over-year).
- 2014: Revenue of $95K, expenses of $135K, and assets of $1.1M (revenue -18.0% year-over-year).
- 2013: Revenue of $116K, expenses of $109K, and assets of $1.2M (revenue +237.2% year-over-year).
- 2012: Revenue of $34K, expenses of $74K, and assets of $1.2M (revenue +41.9% year-over-year).
- 2011: Revenue of $24K, expenses of $77K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Peter And Josephine Grayson Foundation 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.