Quick charity verification for Gateway International Missions Inc (EIN: 20631704)
Verdict: Gateway International Missions Inc appears trustworthy
75/100Mission Score
$789KRevenue
$380KAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent 2022 filing ($987,485 vs. $916,662).
Significant increase in liabilities in 2022 to $1,299, compared to much lower figures in prior years.
Strengths
Consistent reporting of 0% officer compensation across all filings.
Long operational history with 12 IRS 990 filings.
General trend of revenue growth over the past decade, peaking at over $1 million in 2021.
Consistent growth in assets over the past decade, indicating increasing financial capacity.
Spending Breakdown
How Gateway International Missions Inc 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 International Missions Inc
Is Gateway International Missions Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gateway International Missions Inc (EIN: 20631704) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Gateway International Missions Inc a good charity to donate to?
Gateway International Missions Inc has a Mission Score of 75/100. Revenue: $789K. Assets: $380K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gateway International Missions Inc?
The Employer Identification Number (EIN) for Gateway International Missions Inc is 20631704. 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 International Missions Inc spend its money?
Gateway International Missions Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gateway International Missions Inc's tax-exempt status?
You can verify Gateway International Missions Inc's tax-exempt status using EIN 20631704 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 International Missions Inc demonstrates a consistent operational history with fluctuating but generally increasing revenue over the past decade, reaching a peak of over $1 million in 2021. The organization's assets have also shown growth, indicating some financial stability. However, the most recent filing (2022) shows expenses exceeding revenue by approximately $70,000, and a significant increase in liabilities to $1,299, which warrants closer examination. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership or that compensation is not reported in this category, which enhances transparency regarding executive pay but might obscure other forms of compensation or benefits if they exist.
Spending efficiency appears to be a mixed bag. While the organization has generally managed to keep expenses in line with or below revenue in most years, the 2022 deficit is a concern. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. However, the consistent growth in assets alongside program delivery suggests effective resource utilization in prior years. The organization's long filing history and consistent reporting of key financial metrics contribute positively to its transparency.
Overall, Gateway International Missions Inc appears to be a generally stable organization with a long operational history. The recent financial dip in 2022, particularly the increase in liabilities and expenses exceeding revenue, should be monitored. The lack of reported officer compensation is a notable positive for transparency, assuming all forms of compensation are accurately reflected.