Gate Of Hope Ministries International Inc
EIN: 260281018 · Louisville, KY · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $440K |
| Total Expenses | $302K |
| Net Assets | $279K |
Is Gate Of Hope Ministries International 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 Of Hope Ministries International Inc
Gate Of Hope Ministries International Inc (EIN: 260281018) is a nonprofit organization based in Louisville, KY, classified under NTEE code Q33. The organization reported total revenue of $440K and total assets of $279K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gate Of Hope Ministries International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gate Of Hope Ministries International Inc is a small nonprofit that has been operating for 18 years, with 4 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 38.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $396K |
| Total Expenses | $302K |
| Surplus / Deficit | +$94K |
| Total Assets | $285K |
| Total Liabilities | $6K |
| Net Assets | $279K |
| Operating Margin | 23.7% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Gate Of Hope Ministries International Inc reported a surplus of $94K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 4 years of filings (2019–2023), Gate Of Hope Ministries International Inc's revenue has grown at a compound annual growth rate (CAGR) of 38.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +91.5% | +156.9% | +77.2% |
| 2021 | +95.3% | +13.0% | +150.5% |
| 2020 | -1.7% | +72.7% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gate Of Hope Ministries International 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 Of Hope Ministries International 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 $94K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Gate Of Hope Ministries International Inc
Is Gate Of Hope Ministries International Inc a legitimate charity?
Gate Of Hope Ministries International Inc (EIN: 260281018) is a registered tax-exempt nonprofit based in Kentucky. It has 4 years of IRS 990 filings on record. Total revenue: $440K. No red flags identified. Financial health grade: A.
How does Gate Of Hope Ministries International Inc spend its money?
Gate Of Hope Ministries International Inc reported $440K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gate Of Hope Ministries International Inc tax-deductible?
Gate Of Hope Ministries International Inc is registered as a tax-exempt nonprofit (EIN: 260281018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gate Of Hope Ministries International Inc located?
Gate Of Hope Ministries International Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 260281018. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Gate Of Hope Ministries International Inc have?
Gate Of Hope Ministries International Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $440K in total revenue.
Filing History
IRS 990 filing history for Gate Of Hope Ministries International Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2023), Gate Of Hope Ministries International Inc's revenue has grown by 267.6%, moving from $108K to $396K. Total assets increased by 352.4% over the same period, from $63K to $285K. Total functional expenses rose by 401.6%, from $60K to $302K. In its most recent filing year (2023), Gate Of Hope Ministries International Inc reported a surplus of $94K, with revenue exceeding expenses. The organization holds $6K in liabilities against $285K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $279K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $396K | $302K | $285K | $6K | — | — |
| 2021 | $207K | $117K | $161K | $8K | — | View 990 |
| 2020 | $106K | $104K | $64K | $0 | — | View 990 |
| 2019 | $108K | $60K | $63K | $617 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $396K, expenses of $302K, and assets of $285K (revenue +91.5% year-over-year).
- 2021: Revenue of $207K, expenses of $117K, and assets of $161K (revenue +95.3% year-over-year).
- 2020: Revenue of $106K, expenses of $104K, and assets of $64K (revenue -1.7% year-over-year).
- 2019: Revenue of $108K, expenses of $60K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gate Of Hope Ministries International Inc:
Data Sources and Methodology
This transparency report for Gate Of Hope Ministries International 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.