Gate of Hope Ministries International Inc

Analysis

Gate of Hope Ministries International Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Gate of Hope Ministries International Inc reported income of $396k and spending of $302k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income grew from $207k to $396k (+91%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 70% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gate of Hope Ministries International Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KY. Charities of a similar size with the same main cause include Zacchaeus International Inc ($395k), American Foundation for Relief and Reconciliation in the Middle East ($396k) and Girls Education Collaborative Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $68k (23% of expenses). Other salaries and wages came to $126k. At year end it held assets of $285k against liabilities of $5,911, net assets of $279k. It reported 4 employees.