Way & Gate Foundation Inc
Only null% goes to programs Thin reserves Declining revenue
Way & Gate Foundation Inc is a 501(c)(3) organization based in Monroe Twp, New Jersey, registered in 2014, with $70,500 in FY2024 revenue. CharityIndex grades it D.
7 Fitzgerald Ave, Monroe Twp, NJ, 08831 EIN 46-4314655 Since 2014
Revenue (FY2024)
$71K
▼ 53.4% vs prior year
Religion median: $139K
Expenses (FY2024)
$102K
Net assets
$3,194
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Way & Gate Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -44% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Way & Gate Foundation Inc: 0 mo reserves · -44% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Way & Gate Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Way & Gate Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 7 Fitzgerald Ave, Monroe Twp, NJ, 08831
- City
- Monroe Twp
- State
- New Jersey
- Category
- Religion-Related
- Subcategory
- Religious Organizations
Financial trends
Revenue declined from $190K (FY2014) to $71K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3,194
Operating margin
-44.3%
Spent more than it raised in the latest fiscal year.
Total assets
$3,194
Total liabilities
$0
Net assets
$3,194
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $70,500▼53.4% | $101,699▼13.5% | $3,194▼90.7% | $3,194▼90.7% | 990PF |
| 2023 | $151,200▼72.2% | $117,611▼80.3% | $34,393▲4178% | $34,393▲4178% | 990PF |
| 2022 | $544,125▲228% | $595,563▲368% | $804▼98.5% | $804▼98.5% | 990PF |
| 2021 | $166,000▲1177% | $127,125▲55902% | $52,242▲291% | $52,242▲291% | 990PF |
| 2020 | $13,000▲26.2% | $227▼98.2% | $13,367▲2150% | $13,367▲2150% | 990PF |
| 2019 | $10,300▼74.5% | $12,405▼70.7% | $594▼78.0% | $594▼78.0% | 990PF |
| 2018 | $40,400▼4.0% | $42,297▼48.8% | $2,699▼41.3% | $2,699▼41.3% | 990EZ |
| 2017 | $42,062▼20.2% | $82,546▼47.1% | $4,596▼89.8% | $4,596▼89.8% | 990EZ |
| 2016 | $52,700▼40.8% | $156,188▲49.8% | $45,079▼69.7% | $45,079▼69.7% | 990EZ |
| 2015 | $89,000▼53.2% | $104,290▲299% | $148,567▼9.3% | $148,567▼9.3% | 990EZ |
| 2014 | $190,000 | $26,143 | $163,857 | $163,857 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Way & Gate Foundation Inc a legitimate nonprofit?
- Yes. Way & Gate Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-4314655, based in Monroe Twp, New Jersey. Donations are tax-deductible.
- What is Way & Gate Foundation Inc's EIN?
- Way & Gate Foundation Inc's Employer Identification Number (EIN) is 46-4314655.
- How much revenue does Way & Gate Foundation Inc report?
- Way & Gate Foundation Inc reported $70,500 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Way & Gate Foundation Inc have?
- CharityIndex grades Way & Gate Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Way & Gate Foundation Inc (EIN 46-4314655) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.