Is Gateway Community Development Corp Legit?

Quick charity verification for Gateway Community Development Corp (EIN: 203771819)

Verdict: Gateway Community Development Corp shows mixed signals

65/100Mission Score
$855KRevenue
$4.0MAssets
3Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Gateway Community Development Corp allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Gateway Community Development Corp

Is Gateway Community Development Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Gateway Community Development Corp (EIN: 203771819) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Gateway Community Development Corp a good charity to donate to?

Gateway Community Development Corp has a Mission Score of 65/100. Revenue: $855K. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Gateway Community Development Corp?

The Employer Identification Number (EIN) for Gateway Community Development Corp is 203771819. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Gateway Community Development Corp spend its money?

Gateway Community Development Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Gateway Community Development Corp's tax-exempt status?

You can verify Gateway Community Development Corp's tax-exempt status using EIN 203771819 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Gateway Community Development Corp has demonstrated inconsistent financial performance over the past several years, with expenses frequently exceeding revenue. For instance, in 2023, expenses were $1,154,760 against revenues of $747,083, resulting in a significant deficit. This trend of operating at a deficit is also evident in 2022 ($1,251,061 expenses vs. $585,181 revenue) and 2021 ($1,291,983 expenses vs. $885,399 revenue). While the organization has managed to grow its assets significantly to $4,003,076 in 2023, this growth is accompanied by a substantial increase in liabilities, reaching $2,176,822 in the same period, indicating reliance on debt or deferred obligations. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this specific area, which is a positive sign for donor confidence regarding executive pay.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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