Gateway International Missions Inc
Gateway International Missions Inc experiences a financial deficit in 2022 after years of growth, with no reported officer compensation.
EIN: 20631704 · Taylorsville, NC · NTEE: X99 · Updated: 2026-03-28
Is Gateway International Missions Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway International Missions Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateway International Missions Inc
Gateway International Missions Inc (EIN: 20631704) is a nonprofit organization based in Taylorsville, NC, classified under NTEE code X99. The organization reported total revenue of $789K and total assets of $380K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway International Missions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway International Missions Inc is a small nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $917K |
| Total Expenses | $987K |
| Surplus / Deficit | $-70,823 |
| Total Assets | $479K |
| Total Liabilities | $1K |
| Net Assets | $478K |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2022, Gateway International Missions Inc reported a deficit of $71K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Gateway International Missions Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -11.2% | +13.6% | -12.8% |
| 2021 | +33.2% | +25.6% | +36.9% |
| 2020 | +30.9% | +41.7% | +32.2% |
| 2019 | +26.6% | +23.8% | +52.2% |
| 2018 | +6.4% | -9.1% | +58.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gateway International Missions Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gateway International Missions Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Gateway International Missions Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through means not categorized as officer compensation, which is a strong positive for donor confidence regarding executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gateway International Missions Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Gateway International Missions Inc:
- 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.
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) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Gateway International Missions Inc spend its money?
Gateway International Missions Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gateway International Missions Inc tax-deductible?
Gateway International Missions Inc is registered as a tax-exempt nonprofit (EIN: 20631704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gateway International Missions Inc financially stable?
While the organization has shown consistent revenue growth and asset accumulation over the past decade, the 2022 filing indicates a deficit where expenses ($987,485) exceeded revenue ($916,662) and liabilities significantly increased to $1,299. This suggests a potential short-term financial strain, though its long-term history indicates general stability.
How does Gateway International Missions Inc manage executive compensation?
Gateway International Missions Inc consistently reports 0% officer compensation in all available IRS 990 filings, suggesting a volunteer-led executive team or that compensation is not reported under this specific category.
What is the trend in Gateway International Missions Inc's revenue?
Revenue for Gateway International Missions Inc has generally trended upwards over the past decade, from $344,762 in 2014 to a peak of $1,032,617 in 2021, before a slight decrease to $916,662 in 2022.
Are the organization's assets growing?
Yes, the organization's assets have shown significant growth over the past decade, increasing from $122,313 in 2014 to $479,174 in 2022, indicating an accumulation of resources.
Filing History
IRS 990 filing history for Gateway International Missions Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Gateway International Missions Inc's revenue has grown by 50.9%, moving from $607K to $917K. Total assets increased by 485% over the same period, from $82K to $479K. Total functional expenses rose by 71.7%, from $575K to $987K. In its most recent filing year (2022), Gateway International Missions Inc reported a deficit of $71K, with expenses exceeding revenue. The organization holds $1K in liabilities against $479K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $478K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $917K | $987K | $479K | $1K | — | View 990 |
| 2021 | $1.0M | $869K | $549K | $682 | — | — |
| 2020 | $775K | $692K | $401K | $16K | — | — |
| 2019 | $592K | $489K | $304K | $808 | — | View 990 |
| 2018 | $468K | $395K | $199K | $511 | — | View 990 |
| 2017 | $440K | $434K | $126K | $458 | — | View 990 |
| 2016 | $424K | $424K | $121K | $794 | — | View 990 |
| 2015 | $476K | $478K | $120K | $0 | — | View 990 |
| 2014 | $345K | $427K | $122K | $1K | — | View 990 |
| 2013 | $479K | $431K | $204K | $549 | — | View 990 |
| 2012 | $553K | $479K | $155K | $0 | — | View 990 |
| 2011 | $607K | $575K | $82K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $917K, expenses of $987K, and assets of $479K (revenue -11.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $869K, and assets of $549K (revenue +33.2% year-over-year).
- 2020: Revenue of $775K, expenses of $692K, and assets of $401K (revenue +30.9% year-over-year).
- 2019: Revenue of $592K, expenses of $489K, and assets of $304K (revenue +26.6% year-over-year).
- 2018: Revenue of $468K, expenses of $395K, and assets of $199K (revenue +6.4% year-over-year).
- 2017: Revenue of $440K, expenses of $434K, and assets of $126K (revenue +3.8% year-over-year).
- 2016: Revenue of $424K, expenses of $424K, and assets of $121K (revenue -11.0% year-over-year).
- 2015: Revenue of $476K, expenses of $478K, and assets of $120K (revenue +38.1% year-over-year).
- 2014: Revenue of $345K, expenses of $427K, and assets of $122K (revenue -28.1% year-over-year).
- 2013: Revenue of $479K, expenses of $431K, and assets of $204K (revenue -13.3% year-over-year).
- 2012: Revenue of $553K, expenses of $479K, and assets of $155K (revenue -9.0% year-over-year).
- 2011: Revenue of $607K, expenses of $575K, and assets of $82K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway International Missions Inc:
Data Sources and Methodology
This transparency report for Gateway International Missions 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.