Purple & Gray Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Purple & Gray Foundation Inc is a 501(c)(3) organization based in Burlington, Iowa, registered in 2014, with $11,823 in FY2024 revenue. CharityIndex grades it D.
11890 Irish Ridge Rd, Burlington, IA, 52601 EIN 45-5339253 Since 2014
Revenue (FY2024)
$12K
▼ 82.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$18K
Net assets
$93K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Purple & Gray Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating62 mo reserves · -51% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Purple & Gray Foundation Inc: 62 mo reserves · -51% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Purple & Gray Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Purple & Gray Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 11890 Irish Ridge Rd, Burlington, IA, 52601
- City
- Burlington
- State
- Iowa
- Subcategory
- Philanthropy Programs
- Website
- …
Financial trends
Revenue declined from $1.6M (FY2014) to $12K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Operating margin
-51.3%
Spent more than it raised in the latest fiscal year.
Total assets
$93K
Net assets
$93K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,823▼82.2% | $17,885▼6.5% | $92,821▼6.1% | $92,821▼6.1% | 990EZ |
| 2023 | $66,274▼18.2% | $19,125▼24.3% | $98,883▲91.1% | $98,883▲91.1% | 990EZ |
| 2022 | $80,971▼7.9% | $25,252▲1.0% | $51,734▲1398% | $51,734▲1908% | 990 |
| 2021 | $87,942▼26.4% | $25,008▲24.2% | -$3,985▲94.0% | $2,577▼86.8% | 990 |
| 2020 | $119,515▼71.9% | $20,137▼90.3% | -$66,919▲59.8% | $19,510▲721% | 990 |
| 2019 | $425,000▲27.5% | $207,714▼75.2% | -$166,297▲56.6% | $2,376▼47.0% | 990 |
| 2018 | $333,335▲32.6% | $838,400▲1886% | -$383,583▼416% | $4,485▼96.3% | 990 |
| 2017 | $251,442▼14.4% | $42,207▼3.4% | $121,482▲238% | $121,482▲156% | 990 |
| 2016 | $293,699▼71.0% | $43,704▼97.4% | -$87,753▲74.0% | $47,490▼40.2% | 990 |
| 2015 | $1,011,312▼36.9% | $1,712,020▲36.9% | -$337,748▼193% | $79,377▼78.1% | 990 |
| 2014 | $1,601,524 | $1,250,564 | $362,960 | $362,960 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $85K total
7 grants to Purple & Gray Foundation Inc totaling $85K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $10,000 |
| Southeast Iowa Regional Medical Center Inc | Support development of high school sports programs | 2017 | $5,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $25,000 |
| Southeast Iowa Regional Medical Center Inc | Support development of high school sports programs | 2016 | $5,000 |
| Donor Advised Charitable Giving | Health & human services | 2015 | $10,000 |
| Southeast Iowa Regional Medical Center Inc | Support development of high school sports programs | 2015 | $5,000 |
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Frequently asked questions
- Is Purple & Gray Foundation Inc a legitimate nonprofit?
- Yes. Purple & Gray Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-5339253, based in Burlington, Iowa. Donations are tax-deductible.
- What is Purple & Gray Foundation Inc's EIN?
- Purple & Gray Foundation Inc's Employer Identification Number (EIN) is 45-5339253.
- How much revenue does Purple & Gray Foundation Inc report?
- Purple & Gray Foundation Inc reported $11,823 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Purple & Gray Foundation Inc have?
- CharityIndex grades Purple & Gray Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Purple & Gray Foundation Inc (EIN 45-5339253) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.