Gateway Healthcare Inc

Analysis

Gateway Healthcare Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gateway Healthcare Inc reported income of $30.9m and spending of $35.2m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $28.9m to $30.9m (+7.0%), an average of +1.7% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateway Healthcare Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include Virginia Home ($30.9m), Valley Community Healthcare ($30.9m) and Fall River Health Services ($30.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $258k (0.7% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $11.9m against liabilities of $4.6m, net assets of $7.4m. It reported 443 employees.