Gate Breaker Ministries Corp

Analysis

Gate Breaker Ministries Corp is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in January 2009, 17 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, Gate Breaker Ministries Corp reported income of $240k and spending of $250k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $275k to $240k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gate Breaker Ministries Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within ID. Charities of a similar size with the same main cause include 10m Foundation ($240k), Quiet Waters Ministries Inc ($240k) and Handyman Ministries ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $58k (23% of expenses). At year end it held assets of $183k against liabilities of $0, net assets of $183k. It reported 1 employees.