Gateway of Grace

Analysis

Gateway of Grace is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2015, 11 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 2023, Gateway of Grace reported income of $455k and spending of $604k, spending 133% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $525k to $455k (-13%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway of Grace sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Tredyffrin & Easttown Care ($455k), Our Community Hunger Center Inc ($455k) and Do Good Daniels Family Foundation ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $289k (48% of expenses). Other salaries and wages came to $44k. At year end it held assets of $337k against liabilities of -$2,787, net assets of $340k. It reported 10 employees.