Gateway Of Hope Addiction Recovery Center
EIN: 832335413 · New London, NC · NTEE: F22
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $218K |
| Net Assets | $1.4M |
Is Gateway Of Hope Addiction Recovery Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gateway Of Hope Addiction Recovery Center
Gateway Of Hope Addiction Recovery Center (EIN: 832335413) is a nonprofit organization based in New London, NC, classified under NTEE code F22. The organization reported total revenue of $240K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Of Hope Addiction Recovery Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Of Hope Addiction Recovery Center is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $207K |
| Total Expenses | $218K |
| Surplus / Deficit | $-11,525 |
| Total Assets | $1.4M |
| Total Liabilities | $33K |
| Net Assets | $1.4M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 77.0 months |
Financial Health Grade: B
In 2023, Gateway Of Hope Addiction Recovery Center reported a deficit of $12K with expenses exceeding revenue, holds 77.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Gateway Of Hope Addiction Recovery Center's revenue has declined at a compound annual growth rate (CAGR) of -6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.7% | +62.7% | +0.4% |
| 2022 | +400.5% | +4.4% | +336.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gateway Of Hope Addiction Recovery Center 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 Gateway Of Hope Addiction Recovery Center 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 deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Frequently Asked Questions about Gateway Of Hope Addiction Recovery Center
Is Gateway Of Hope Addiction Recovery Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Gateway Of Hope Addiction Recovery Center (EIN: 832335413) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gateway Of Hope Addiction Recovery Center spend its money?
Detailed spending breakdown data is not yet available for Gateway Of Hope Addiction Recovery Center. Check back for updated IRS 990 analysis.
Are donations to Gateway Of Hope Addiction Recovery Center tax-deductible?
Gateway Of Hope Addiction Recovery Center is registered as a tax-exempt nonprofit (EIN: 832335413). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gateway Of Hope Addiction Recovery Center located?
Gateway Of Hope Addiction Recovery Center is headquartered in New London, North Carolina and files with the IRS under EIN 832335413. It is classified under NTEE code F22.
How many years of IRS 990 filings does Gateway Of Hope Addiction Recovery Center have?
Gateway Of Hope Addiction Recovery Center has 3 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 $240K in total revenue.
Filing History
IRS 990 filing history for Gateway Of Hope Addiction Recovery Center showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Gateway Of Hope Addiction Recovery Center's revenue has declined by 13.4%, moving from $239K to $207K. Total assets increased by 338.4% over the same period, from $319K to $1.4M. Total functional expenses rose by 69.9%, from $128K to $218K. In its most recent filing year (2023), Gateway Of Hope Addiction Recovery Center reported a deficit of $12K, with expenses exceeding revenue. The organization holds $33K in liabilities against $1.4M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $207K | $218K | $1.4M | $33K | — | — |
| 2022 | $1.2M | $134K | $1.4M | $15K | — | View 990 |
| 2021 | $239K | $128K | $319K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $207K, expenses of $218K, and assets of $1.4M (revenue -82.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $134K, and assets of $1.4M (revenue +400.5% year-over-year).
- 2021: Revenue of $239K, expenses of $128K, and assets of $319K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Of Hope Addiction Recovery Center:
Data Sources and Methodology
This transparency report for Gateway Of Hope Addiction Recovery Center 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.