Gateways Industries Inc

Analysis

Gateways Industries Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Gateways Industries Inc reported income of $3.7m and spending of $4.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.7m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateways Industries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Assoc for the Accreditation of Human Research Protection Programs ($3.7m), Vision for Equality Inc ($3.7m) and Stormont Vail Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.

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.