Gateway Inc

Analysis

Gateway Inc is a registered charity in United States, based in Wetumpka, AL. It received its IRS tax-exemption ruling in January 2006, 20 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 December 2022, Gateway Inc reported income of $654k and spending of $428k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $567k to $654k (+15%), an average of +4.9% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Guardian Center Inc ($654k), Missouri Veterans Endeavor ($654k) and Franklinton Board of Trade Inc ($654k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $339k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 23 employees.