Gateway Youth Outreach Inc

Analysis

Gateway Youth Outreach Inc is a registered charity in United States, based in Elmont, NY. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Gateway Youth Outreach Inc reported income of $2.0m and spending of $1.3m, leaving 36% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $897k to $2.0m (+119%), an average of +30% a year. The sharpest change came in the year to May 2022, when income rose by 174%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Youth Outreach Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Extrafood Org ($2.0m), Resources for Rural Community Development ($2.0m) and Securefutures Foundation Inc ($2.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 89% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $110k (8.7% of expenses). Other salaries and wages came to $824k. At year end it held assets of $2.4m against liabilities of $266k, net assets of $2.1m. It reported 148 employees.