MV Gate Inc

Analysis

MV Gate Inc is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MV Gate Inc reported income of $127k and spending of $143k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $243k to $127k (-48%), an average of -20% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MV Gate Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($127k), New Hampshire Veterans Cemetery Association Inc ($127k) and Usmc Memorial Foundation ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $8,882 against liabilities of $0, net assets of $8,882.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.