Opening Gates Inc

Analysis

Opening Gates Inc is a registered charity in United States, based in Jeffersonvlle, IN. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Opening Gates Inc reported income of $86k and spending of $64k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $86k (+139%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Opening Gates Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within IN. Charities of a similar size with the same main cause include Baldwinsville Harriers Booster Club Inc ($86k), American Youth Football Inc ($86k) and Duluth Cross Country Ski Club ($86k).

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