Historic Gateway Neighborhood Corporation

Analysis

Historic Gateway Neighborhood Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1991, 35 years ago. 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, Historic Gateway Neighborhood Corporation reported income of $184k and spending of $217k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $352k to $184k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Gateway Neighborhood Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Emergency Nurses Association ($184k), American College of Physicians ($184k) and Blue Springs Baseball Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. At year end it held assets of $1.2m against liabilities of $6,913, net assets of $1.2m.