Gate City Foundation Inc
EIN: 760772284 · Atlanta, GA · NTEE: I03
| Metric | Value |
|---|---|
| Total Revenue | $228K |
| Total Expenses | $268K |
| Net Assets | $374K |
Is Gate City Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gate City Foundation Inc
Gate City Foundation Inc (EIN: 760772284) is a nonprofit organization based in Atlanta, GA, classified under NTEE code I03. The organization reported total revenue of $228K and total assets of $358K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gate City Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gate City Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $301K |
| Total Expenses | $268K |
| Surplus / Deficit | +$33K |
| Total Assets | $374K |
| Net Assets | $374K |
| Operating Margin | 10.9% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2023, Gate City Foundation Inc reported a surplus of $33K with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Gate City Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.7% | +75.9% | +9.6% |
| 2022 | +458.8% | +199.7% | +23.4% |
| 2021 | +1.2% | +3.9% | -6.1% |
| 2020 | -65.2% | -27.9% | -3.5% |
| 2019 | -3.9% | -4.1% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gate City Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gate City Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
Frequently Asked Questions about Gate City Foundation Inc
Is Gate City Foundation Inc a legitimate charity?
Gate City Foundation Inc (EIN: 760772284) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $228K. No red flags identified. Financial health grade: A.
How does Gate City Foundation Inc spend its money?
Gate City Foundation Inc reported $228K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gate City Foundation Inc tax-deductible?
Gate City Foundation Inc is registered as a tax-exempt nonprofit (EIN: 760772284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gate City Foundation Inc located?
Gate City Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 760772284. It is classified under NTEE code I03.
How many years of IRS 990 filings does Gate City Foundation Inc have?
Gate City Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $228K in total revenue.
Filing History
IRS 990 filing history for Gate City Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gate City Foundation Inc's revenue has grown by 567.7%, moving from $45K to $301K. Total assets increased by 383.9% over the same period, from $77K to $374K. Total functional expenses rose by 526.9%, from $43K to $268K. In its most recent filing year (2023), Gate City Foundation Inc reported a surplus of $33K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $301K | $268K | $374K | $0 | — | View 990 |
| 2022 | $217K | $152K | $341K | $0 | — | View 990 |
| 2021 | $39K | $51K | $277K | $0 | — | View 990 |
| 2020 | $38K | $49K | $295K | $0 | — | View 990 |
| 2019 | $110K | $68K | $305K | $0 | — | View 990 |
| 2018 | $115K | $71K | $263K | $0 | — | View 990 |
| 2017 | $104K | $74K | $218K | $0 | — | View 990 |
| 2016 | $92K | $89K | $188K | $0 | — | View 990 |
| 2015 | $79K | $70K | $185K | $0 | — | View 990 |
| 2014 | $56K | $34K | $176K | $0 | — | View 990 |
| 2013 | $84K | $42K | $155K | $0 | — | View 990 |
| 2012 | $83K | $48K | $112K | $0 | — | View 990 |
| 2011 | $45K | $43K | $77K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $301K, expenses of $268K, and assets of $374K (revenue +38.7% year-over-year).
- 2022: Revenue of $217K, expenses of $152K, and assets of $341K (revenue +458.8% year-over-year).
- 2021: Revenue of $39K, expenses of $51K, and assets of $277K (revenue +1.2% year-over-year).
- 2020: Revenue of $38K, expenses of $49K, and assets of $295K (revenue -65.2% year-over-year).
- 2019: Revenue of $110K, expenses of $68K, and assets of $305K (revenue -3.9% year-over-year).
- 2018: Revenue of $115K, expenses of $71K, and assets of $263K (revenue +10.2% year-over-year).
- 2017: Revenue of $104K, expenses of $74K, and assets of $218K (revenue +13.6% year-over-year).
- 2016: Revenue of $92K, expenses of $89K, and assets of $188K (revenue +15.9% year-over-year).
- 2015: Revenue of $79K, expenses of $70K, and assets of $185K (revenue +42.3% year-over-year).
- 2014: Revenue of $56K, expenses of $34K, and assets of $176K (revenue -33.8% year-over-year).
- 2013: Revenue of $84K, expenses of $42K, and assets of $155K (revenue +1.7% year-over-year).
- 2012: Revenue of $83K, expenses of $48K, and assets of $112K (revenue +83.4% year-over-year).
- 2011: Revenue of $45K, expenses of $43K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gate City Foundation Inc:
Data Sources and Methodology
This transparency report for Gate City Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.