Consistent operational deficits in the last three fiscal years (2021-2023), with expenses exceeding revenue.
Unusually low or zero reported officer compensation for an organization of this revenue size, which may warrant further investigation into executive compensation structures.
Strengths
Consistent reporting of zero liabilities across all filings, indicating a strong debt-free balance sheet.
Transparency in reporting, particularly with the consistent zero liability and officer compensation figures.
Maintained a stable asset base over several years, providing financial stability.
Spending Breakdown
How Gateways Industries Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Gateways Industries Inc
Is Gateways Industries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gateways Industries Inc (EIN: 208073895) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Gateways Industries Inc a good charity to donate to?
Gateways Industries Inc has a Mission Score of 75/100. Revenue: $4.9M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gateways Industries Inc?
The Employer Identification Number (EIN) for Gateways Industries Inc is 208073895. 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 Gateways Industries Inc spend its money?
Gateways Industries Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gateways Industries Inc's tax-exempt status?
You can verify Gateways Industries Inc's tax-exempt status using EIN 208073895 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
Gateways Industries Inc. demonstrates a consistent operational pattern, with revenues generally exceeding expenses in earlier years, but showing deficits in the most recent three filings (2021-2023). For example, in 2023, expenses of $4,035,879 exceeded revenue of $3,741,048. The organization's assets have fluctuated, peaking around $1.3 million in 2021-2022 before slightly declining to $1,160,254 in 2023. A notable aspect is the consistent reporting of zero liabilities across all available filings, suggesting a strong balance sheet free of debt.
Spending efficiency appears to be a mixed bag. While the organization has managed its finances to maintain operations, the recent trend of expenses surpassing revenue warrants attention. The absence of reported officer compensation across all filings is a significant indicator of transparency and potentially efficient use of funds, as it suggests that top leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of this size. This could also indicate a volunteer-led executive structure.
Overall, Gateways Industries Inc. appears to be transparent in its financial reporting, particularly with the consistent zero liability and zero officer compensation figures. However, the recent operational deficits suggest a need for closer examination of spending and revenue generation strategies to ensure long-term financial sustainability. The organization's asset base provides some cushion, but sustained deficits could erode this over time.