Gateway To Hope Ministries Inc
EIN: 273289344 · Ocala, FL · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $2.8M |
| Net Assets | $-1,622 |
Is Gateway To Hope Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gateway To Hope Ministries Inc
Gateway To Hope Ministries Inc (EIN: 273289344) is a nonprofit organization based in Ocala, FL, classified under NTEE code P20. The organization reported total revenue of $4.1M and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway To Hope Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway To Hope Ministries Inc is a mid-size nonprofit that has been operating for 15 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 41.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-15,614 |
| Total Assets | $22K |
| Total Liabilities | $24K |
| Net Assets | $-1,622 |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 107.4% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2022, Gateway To Hope Ministries Inc reported a deficit of $16K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 107.4% (high leverage).
Financial Trends
Over 11 years of filings (2012–2022), Gateway To Hope Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +35.5% | +37.7% | -40.7% |
| 2021 | +1289.8% | +1219.4% | +135.1% |
| 2020 | +32.9% | +43.2% | +21.8% |
| 2019 | -13.7% | -28.8% | +54.8% |
| 2018 | +13.4% | +52.0% | -65.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gateway To Hope Ministries 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 Gateway To Hope Ministries 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.4%.
Frequently Asked Questions about Gateway To Hope Ministries Inc
Is Gateway To Hope Ministries Inc a legitimate charity?
Gateway To Hope Ministries Inc (EIN: 273289344) is a registered tax-exempt nonprofit based in Florida. It has 11 years of IRS 990 filings on record. Total revenue: $4.1M. No red flags identified. Financial health grade: D.
How does Gateway To Hope Ministries Inc spend its money?
Gateway To Hope Ministries Inc reported $4.1M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gateway To Hope Ministries Inc tax-deductible?
Gateway To Hope Ministries Inc is registered as a tax-exempt nonprofit (EIN: 273289344). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gateway To Hope Ministries Inc located?
Gateway To Hope Ministries Inc is headquartered in Ocala, Florida and files with the IRS under EIN 273289344. It is classified under NTEE code P20.
How many years of IRS 990 filings does Gateway To Hope Ministries Inc have?
Gateway To Hope Ministries Inc has 11 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 $4.1M in total revenue.
Filing History
IRS 990 filing history for Gateway To Hope Ministries Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Gateway To Hope Ministries Inc's revenue has grown by 3199.9%, moving from $84K to $2.8M. Total assets decreased by 12.5% over the same period, from $25K to $22K. Total functional expenses rose by 3218.6%, from $84K to $2.8M. In its most recent filing year (2022), Gateway To Hope Ministries Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $24K in liabilities against $22K in assets (debt-to-asset ratio: 107.4%), resulting in net assets of $-1,622.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.8M | $2.8M | $22K | $24K | — | View 990 |
| 2021 | $2.0M | $2.0M | $37K | $23K | — | View 990 |
| 2020 | $146K | $153K | $16K | $23K | — | View 990 |
| 2019 | $110K | $107K | $13K | $14K | — | View 990 |
| 2018 | $128K | $150K | $8K | $13K | — | View 990 |
| 2017 | $112K | $98K | $24K | $6K | — | View 990 |
| 2016 | $127K | $145K | $15K | $12K | — | View 990 |
| 2015 | $122K | $124K | $21K | $0 | — | View 990 |
| 2014 | $66K | $67K | $23K | $339 | — | View 990 |
| 2013 | $84K | $85K | $24K | $339 | — | View 990 |
| 2012 | $84K | $84K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.8M, expenses of $2.8M, and assets of $22K (revenue +35.5% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $37K (revenue +1289.8% year-over-year).
- 2020: Revenue of $146K, expenses of $153K, and assets of $16K (revenue +32.9% year-over-year).
- 2019: Revenue of $110K, expenses of $107K, and assets of $13K (revenue -13.7% year-over-year).
- 2018: Revenue of $128K, expenses of $150K, and assets of $8K (revenue +13.4% year-over-year).
- 2017: Revenue of $112K, expenses of $98K, and assets of $24K (revenue -11.1% year-over-year).
- 2016: Revenue of $127K, expenses of $145K, and assets of $15K (revenue +3.7% year-over-year).
- 2015: Revenue of $122K, expenses of $124K, and assets of $21K (revenue +84.7% year-over-year).
- 2014: Revenue of $66K, expenses of $67K, and assets of $23K (revenue -21.3% year-over-year).
- 2013: Revenue of $84K, expenses of $85K, and assets of $24K (revenue +0.5% year-over-year).
- 2012: Revenue of $84K, expenses of $84K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway To Hope Ministries Inc:
Data Sources and Methodology
This transparency report for Gateway To Hope Ministries 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.