Gateways Community Services Inc

Analysis

Gateways Community Services Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in July 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gateways Community Services Inc reported income of $64.7m and spending of $64.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.6m to $64.7m (+21%), an average of +4.8% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gateways Community Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include The Awty International School ($64.7m), Adventist Health Medical Center Tehachapi ($64.9m) and Communities of Don Guanella and Divine Providence ($64.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $552k (0.9% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $18.5m against liabilities of $9.5m, net assets of $9.0m. It reported 674 employees.