William H Gray III Memorial Foundation is a 501(c)(3) organization based in Washington, District of Columbia, registered in 2018, with $500,612 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$501K
▲ 98.8% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$656K
Net assets
$708K
Employees
—
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 William H Gray III Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 William H Gray III Memorial Foundation: 13 mo reserves · -31% margin earns a D on this criterion. See the exact thresholds →
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 William H Gray III Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 William H Gray III Memorial Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $149K (FY2018) to $501K (FY2024) across 7 reported years.
Financial snapshot
Operating margin
-31.0%
Spent more than it raised in the latest fiscal year.
Total assets
$708K
Total liabilities
$0
Net assets
$708K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $500,612▲98.8% | $655,633▲41.9% | $707,708▼18.0% | $707,708▼18.0% | 990 |
| 2023 | $251,862▼78.2% | $462,065▲31.2% | $862,729▼19.6% | $862,729▼19.6% | 990 |
| 2022 | $1,157,234▲217% | $352,226▲113% | $1,072,932▲300% | $1,072,932▲300% | 990 |
| 2021 | $365,279▲1201% | $165,166▲126% | $267,924▲295% | $267,924▲295% | 990 |
| 2020 | $28,074▼86.3% | $72,963▼56.6% | $67,811▼39.8% | $67,811▼39.8% | 990 |
| 2019 | $204,892▲37.9% | $168,124▲131% | $112,700▲48.4% | $112,700▲48.4% | 990 |
| 2018 | $148,562 | $72,631 | $75,932 | $75,932 | 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.
2 grants to William H Gray III Memorial Foundation totaling $116K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $15,000 |
| Philadelphia Foundation | Memorial tribute | 2021 | $100,500 |
Explore more
Data for William H Gray III Memorial Foundation (EIN 82-3217990) 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.