Quick charity verification for Iron Gate Inc (EIN: 203164551)
Verdict: Iron Gate Inc appears trustworthy
98/100Mission Score
$9.4MRevenue
$14.0MAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in some periods, which could indicate specific accounting practices or funding models.
Consistent 0% officer compensation for an organization with over $13 million in assets is highly unusual and might warrant further inquiry into how leadership is supported or structured.
Strengths
100% of expenses consistently allocated to program services, indicating maximum mission impact.
No reported officer compensation across all filings, suggesting extremely low administrative overhead.
Significant growth in assets from $448,993 in 2014 to $13,175,086 in 2023, demonstrating strong financial management and sustainability.
Consistent generation of surpluses, particularly in recent years (e.g., $2.1M in 2023), contributing to financial stability.
Strong financial health with current assets of $13,976,336 and latest revenue of $9,370,230.
Spending Breakdown
How Iron Gate Inc allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Iron Gate Inc
Is Iron Gate Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iron Gate Inc (EIN: 203164551) appears trustworthy. Mission Score: 98/100. 2 red flags identified, 5 strengths noted.
Is Iron Gate Inc a good charity to donate to?
Iron Gate Inc has a Mission Score of 98/100. Revenue: $9.4M. Assets: $14.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Iron Gate Inc?
The Employer Identification Number (EIN) for Iron Gate Inc is 203164551. 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 Iron Gate Inc spend its money?
Iron Gate Inc allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Iron Gate Inc's tax-exempt status?
You can verify Iron Gate Inc's tax-exempt status using EIN 203164551 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
Iron Gate Inc demonstrates strong financial health and a clear commitment to its program services. In the most recent filing (202312), the organization reported revenue of $4,671,549 against expenses of $2,503,241, indicating a significant surplus that contributes to its growing asset base of $13,175,086. This consistent surplus generation, particularly notable in 2023 and 2019, allows for robust program funding and long-term stability.
The organization's spending efficiency appears excellent, with a very high proportion of expenses dedicated to programs. The absence of reported officer compensation across all available filings suggests that administrative costs are kept exceptionally low, further maximizing resources for direct charitable activities. This operational model is highly efficient and directly benefits the mission.
Transparency is high, as evidenced by consistent IRS 990 filings and the clear allocation of resources. The lack of officer compensation is a significant positive indicator of a volunteer-driven or very lean leadership structure, which enhances public trust. The organization's financial trajectory shows consistent growth in assets and a strong ability to manage its finances effectively.