Gateway House of Peace Inc

Analysis

Gateway House of Peace Inc is a registered charity in United States, based in Ballston Spa, NY. It received its IRS tax-exemption ruling in February 2007, 19 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 2023, Gateway House of Peace Inc reported income of $469k and spending of $471k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $193k to $469k (+143%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway House of Peace Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Brightside Produce ($469k), Drive-To-Work ($469k) and Tree of Life ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $254k. At year end it held assets of $192k against liabilities of $5,766, net assets of $187k. It reported 31 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.