Gateway Counseling Center Inc

Analysis

Gateway Counseling Center Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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, Gateway Counseling Center Inc reported income of $17.1m and spending of $13.9m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.4m to $17.1m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gateway Counseling Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include CNS Professional Services ($17.1m), Solebury School ($17.1m) and Holy Cross Services Inc ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $573k (4.1% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $25.5m against liabilities of $11.5m, net assets of $14.0m. It reported 201 employees.