Gateway International Missions Inc

Analysis

Gateway International Missions Inc is a registered charity in United States, based in Taylorsville, NC. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Gateway International Missions Inc reported income of $917k and spending of $987k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $592k to $917k (+55%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gateway International Missions Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Won Meditation Center ($916k), West Coast Islamic Society ($917k) and Faith for Today Inc ($916k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (9.3% of expenses). Other salaries and wages came to $14k. At year end it held assets of $479k against liabilities of $1,299, net assets of $478k. It reported 4 employees.