The Gateway of Hope

Analysis

The Gateway of Hope is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Gateway of Hope reported income of $141k and spending of $120k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $141k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Gateway of Hope sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MT. Charities of a similar size with the same main cause include Family Promise of Hudson County a New NJ Nonprofit Corporation ($141k), Spice Field Kitchens Inc ($141k) and Florence Fuller Child Development Foundation Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $93k against liabilities of $700, net assets of $92k.