Mercy Gate Ministries

Analysis

Mercy Gate Ministries is a registered charity in United States, based in Ingram, TX. It received its IRS tax-exemption ruling in January 2018, 8 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, Mercy Gate Ministries reported income of $687k and spending of $688k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $367k to $687k (+87%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 201%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mercy Gate Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Vine Outreach Ministries Inc ($687k), Breaking Bonds Ministries ($687k) and Sharing Hope Ministry Inc ($687k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $37k (5.4% of expenses). Other salaries and wages came to $238k. At year end it held assets of $1.3m against liabilities of $282k, net assets of $1.0m. It reported 11 employees.