Gateway Housing Corporation

Analysis

Gateway Housing Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Gateway Housing Corporation reported income of $600k and spending of $685k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $564k to $600k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gateway Housing Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Housing Oregon ($599k), Sandhurst Community Capital ($600k) and Saving the Sunshine State ($599k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.8m against liabilities of $3.6m, net assets of -$1.8m.