New Gate to Peace Foundation

Analysis

New Gate to Peace Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2006, 20 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, New Gate to Peace Foundation reported income of $7.7m and spending of $8.7m, spending 113% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.6m to $7.7m (+114%), an average of +16% a year. The sharpest change came in the year to December 2019, when income rose by 123%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Gate to Peace Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Kids Across America ($7.7m), BFP International Inc ($7.7m) and National Ghost Ranch Foundation Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $1.4m against liabilities of $1.0m, net assets of $385k.