Dharma Gates Inc

Analysis

Dharma Gates Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Dharma Gates Inc reported income of $189k and spending of $205k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $189k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dharma Gates Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Palos Verdes Golf Club Scholarshipfoundation ($189k), PTA California Congress of Parents Teachers & Students Inc ($189k) and Arc of Hope Uganda ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $71k against liabilities of $1,550, net assets of $69k.