Family Gateway Affordable Housing Inc

Analysis

Family Gateway Affordable Housing Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Gateway Affordable Housing Inc reported income of $195k and spending of $2,490, leaving 99% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 0.5% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Gateway Affordable Housing Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Holy Trinity Properties Inc ($195k), Mayor Wallis Manor Development Corporation Inc ($195k) and Magnolia Tree Apartments Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.2m against liabilities of $2,450, net assets of $1.2m.