Charity Search / GRAY CHARTER
Education (B20) IRS Verified DX Registered 990 on File

GRAY CHARTER

EIN: 22-3626543 · NEWARK, NJ 07102-4815 · United States · FY 2025 Data
4 out of 5 70 / 100 Based on 2+ years of filings
Financial strength (30%) 78/100
Reliability (20%) 55/100
Effectiveness (25%) 87/100
Impact (25%) 55/100
Financial data: FY 2025 · Scored 9/13/2026
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Mission Statement

The Gray Charter School provides a diverse K–8 student body with a strong academic foundation in an environment that celebrates achievement and opportunity. Through dedicated teaching, high expectations, and meaningful educational experiences, we strive to help every child succeed, build confidence, and develop the knowledge and character needed for a lifetime of learning.

Financial Overview — FY 2025
$7.6M
Total Revenue
$7.9M
Total Expenses
$2.8M
Net Assets
42
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 70.1%
Fundraising Efficiency N/A
Operating Reserve 4.27x
Liability-to-Asset 13.4%
Revenue Diversification 97.0%
Executive Compensation $501K
Compared with Peers
FY 2025
Compared with 5,421 similar organizations (United States, Education, $1M–$10M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
70.1% 84.2%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
29.9% 12.9%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
4.3 mo 9.0 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
13.4% 21.7%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
97.0% 89.4%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
-1.9% 5.0%
P10P90
Expense growth
Year over year expense growth
2.1% 6.1%
P10P90
Surplus margin
Surplus as a share of revenue
-3.6% 3.0%
P10P90
Impact
1 program
Outcome / Program People Served Cost / Service # Completed Duration
Promoting exposure, opportunity, optimism and health and wellness within our student's population 50 $400.00 Lifetime
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $7.6M $7.9M $2.8M 70.1% 42
2024 $7.8M $7.8M $3.1M 72.8% 42
2023 $8.2M $7.7M $3.1M 72.1% 46
2022 $7.5M $6.9M $2.6M 70.9% 44
2021 $6.7M $6.5M N/A 43
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Organization Details
EIN
22-3626543
State
NJ
City
NEWARK
ZIP
07102-4815
Classification
B20
Category
Education
Rating
4★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1999
Foundation Code
11
Form 990
On File
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