Gateways to Better Living Inc

Analysis

Gateways to Better Living Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in September 1972, 54 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, Gateways to Better Living Inc reported income of $22.6m and spending of $22.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.7m to $22.6m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateways to Better Living 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 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Jewish Community Service Inc ($22.5m), Bradley Center ($22.6m) and Central Illinois Foodbank ($22.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $423k (1.9% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $8.0m against liabilities of $4.1m, net assets of $3.8m. It reported 513 employees.