Pittsburgh Gateways Corporation

Analysis

Pittsburgh Gateways Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Pittsburgh Gateways Corporation reported income of $2.9m and spending of $2.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.9m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income rose by 209%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pittsburgh Gateways Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include GDL Estates Corporation ($2.9m), National Education Foundation ($2.9m) and Calhoun County Senior Citizens Association Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $1.2m (44% of expenses). Other salaries and wages came to $41k. At year end it held assets of $43.2m against liabilities of $3.8m, net assets of $39.5m. It reported 11 employees.