Gateway to Hope Ministries Inc

Analysis

Gateway to Hope Ministries Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Gateway to Hope Ministries Inc reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $2.0m to $2.8m (+36%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway to Hope Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Friendship Centers of Emmet County ($2.8m), Masbia of Queens ($2.8m) and West Central Nebraska Area Agency ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $22k against liabilities of $24k, net assets of -$1,622. It reported 4 employees.