Gateway Woods -Apostolic Christian Childrens Home Inc

Analysis

Gateway Woods -Apostolic Christian Childrens Home Inc is a registered charity in United States, based in Leo, IN. It received its IRS tax-exemption ruling in June 1974, 52 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 June 2024, Gateway Woods -Apostolic Christian Childrens Home Inc reported income of $5.6m and spending of $2.0m, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.9m to $5.6m (+90%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Woods -Apostolic Christian Childrens Home Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include California-Hawaii Elks Major Project Inc ($5.5m), Responsive Caregivers of Hawaii ($5.6m) and Nortwoods Inc of Wisconsin ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 9.1% of the total. At year end it held assets of $29.0m against liabilities of $22k, net assets of $29.0m.