Iron Gate Inc

Analysis

Iron Gate Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in November 2005, 21 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 2023, Iron Gate Inc reported income of $4.7m and spending of $2.5m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.7m (+66%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iron Gate Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Found House-Interfaith Housing Network ($4.7m), Urban Street Angels Inc ($4.7m) and Jefferson Street Baptist Center Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $117k (4.7% of expenses). Other salaries and wages came to $883k. At year end it held assets of $13.2m against liabilities of $5,890, net assets of $13.2m. It reported 35 employees.