Gateway to Glory

Analysis

Gateway to Glory is a registered charity in United States, based in Chesterfield, MI. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Gateway to Glory reported income of $71k and spending of $88k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $71k (-1.8%), an average of -1.8% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gateway to Glory sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include The Village Inc ($71k), Interstate I Affordable Housing Inc ($71k) and Shooting Star Apartments Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.