Operation Gateway Inc

Analysis

Operation Gateway Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Operation Gateway Inc reported income of $374k and spending of $280k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $374k (+280%), an average of +280% a year. The sharpest change came in the year to December 2023, when income rose by 280%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Operation Gateway Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Stephys Place a New Life Support Center for Grief & Loss ($374k), Rays House Inc ($375k) and Family Voices of Wisconsin Inc ($374k).

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 $100k. At year end it held assets of $156k against liabilities of $15k, net assets of $141k. It reported 3 employees.