Gateway Woods Family Services Inc

Analysis

Gateway Woods Family Services Inc is a registered charity in United States, based in Leo, IN. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gateway Woods Family Services Inc reported income of $5.3m and spending of $5.2m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $5.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gateway Woods Family Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Boys and Girls Clubs of Skagit County ($5.3m), Future Farmers of America State Associations & Local Chapter ($5.3m) and Girl Scouts Dakota Horizons Inc ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $1.4m against liabilities of $196k, net assets of $1.2m. It reported 83 employees.