Eastgate Ministries Inc

Analysis

Eastgate Ministries Inc is a registered charity in United States, based in Vidor, TX. It received its IRS tax-exemption ruling in June 2017, 9 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, Eastgate Ministries Inc reported income of $221k and spending of $204k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $110k to $221k (+100%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 738%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Eastgate Ministries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include First Response Ministry Inc ($221k), Pause Ministries Inc ($221k) and Achim Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $758k against liabilities of $262k, net assets of $496k.