Open Gate Ministries Inc

Analysis

Open Gate Ministries Inc is a registered charity in United States, based in Dinuba, CA. It received its IRS tax-exemption ruling in March 1977, 49 years ago. 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 September 2023, Open Gate Ministries Inc reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $895k to $1.2m (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Gate Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include The Florida a & M University National Alumni Association Inc ($1.2m), Diocese of Norwich Outreach to Haiti ($1.2m) and Visiting Nurse Association of Central Pa Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $64k (4.9% of expenses). Other salaries and wages came to $303k. At year end it held assets of $317k against liabilities of $20k, net assets of $296k. It reported 21 employees.