Gateway Prayer Garden

Analysis

Gateway Prayer Garden is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in March 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, Gateway Prayer Garden reported income of $390k and spending of $402k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $317k to $390k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 522%. Over the whole period it spent 172% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gateway Prayer Garden sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include St Mina Retreat Center ($390k), Shalom Ministries Inc ($390k) and Our Watch with Tim Thompson ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $101k. It paid $1,990 in professional fundraising fees. At year end it held assets of $87k against liabilities of $0, net assets of $87k.