Gateway Benevolence Fund

Analysis

Gateway Benevolence Fund is a registered charity in United States, based in Jenks, OK. It received its IRS tax-exemption ruling in July 2022, 4 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 Benevolence Fund reported income of $75k and spending of $63k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $48k to $75k (+58%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gateway Benevolence Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within OK. Charities of a similar size with the same main cause include Gone Fishin Ministry Inc ($75k), Seek Ministries ($75k) and Mentorah ($75k).

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 $24k against liabilities of $0, net assets of $24k.