Gateway Services Inc

Analysis

Gateway Services Inc is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in November 1965, 61 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, Gateway Services Inc reported income of $3.1m and spending of $2.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.1m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Walton Options for Independent Living Inc ($3.1m), Sustainable Food Lab ($3.1m) and Marin Ventures ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $118k (4.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.0m against liabilities of $591k, net assets of $2.4m. It reported 93 employees.