Gateways Organization Inc

Analysis

Gateways Organization Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Gateways Organization Inc reported income of $15.2m and spending of $14.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $15.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 555%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gateways Organization Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Haggai International Institute for Advanced Leadership Training Inc ($15.2m), Lynden Christian School ($15.3m) and Maimonides-Shalom Academy Inc ($15.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $274k (1.8% of expenses). Other salaries and wages came to $798k. At year end it held assets of $30.7m against liabilities of $20.2m, net assets of $10.5m. It reported 21 employees.