Open Gate International

Analysis

Open Gate International is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Open Gate International reported income of $211k and spending of $1.5m, spending 724% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.4m to $211k (-85%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 78%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Open Gate International sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Project Mend-A-House Incorporated ($211k), Trinity Community Development Inc ($211k) and The American Friends of the GWPF Inc ($211k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $32k, net assets of -$4,776. It reported 2 employees.