Gateways to Change Inc

Analysis

Gateways to Change Inc is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Gateways to Change Inc reported income of $10.6m and spending of $10.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.6m to $10.6m (+23%), an average of +5.4% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateways to Change Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include Broad Acres Nursing Home Association ($10.6m), Urban League of Palm Beach County a ND Treasure Coast Inc ($10.6m) and Jackson Feild Homes Incorporated ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $193k (1.8% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $6.3m against liabilities of $2.5m, net assets of $3.9m. It reported 246 employees.