Graywolf Press
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Publishes bold writers whose literature reshapes culture. For fiscal year 2025 it reported $3.3M in revenue, $4.1M in expenses, and $3.3M in net assets.Pt I
Summary of the Filing
Where the work happens
Production. In 2025, graywolf published 29 titles featuring the work of 35 authors and translators. We reached about 890,000 readers with just over 700 titles in print. Graywolf works to keep our books in print as long as possible, our books are released simultaneously in print and ebook editions, and our books are available in…
Promotion and marketing services. Graywolf plays a crucial role in advancing our writers' professional careers by providing dynamic publicity and marketing. We are committed to finding a broad audience for each publication. Our authors participated in approximately 260 virtual and in-person events in 2025.
Editorial services. Graywolf editors continue to seek singular work that is engaged with contemporary issues of our time, as well as voices, stories, and genres that are underrepresented in commercial publishing. Editors acquired 25 new manuscripts in 2025.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Carmen Smith’s $181K as Director/Publisher is at the 79th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Carmen Smith | $180,506 | $168,600 | $168,039 | $68,692 | — | — |
| Fiona McCrae | — | — | — | $68,600 | $139,332 | $147,750 |
| Katie Dublinski | $111,888 | $104,625 | — | — | — | — |
| Katharine Fischbach | — | — | — | $109,874 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 75% | — | — |
| Overhead ratio | 15% | — | — |
| Fundraising cost ratio | 33% | — | — |
| Revenue growth | -15% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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