Gateway Association Inc

Analysis

Gateway Association Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Association Inc reported income of $656k and spending of $718k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $494k to $656k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateway Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Fountain Comunity Enrichment Inc ($656k), University of Kentucky Hospital Auxiliary Inc ($656k) and Summit Volunteer First Aid Squad Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $59k (8.2% of expenses). Other salaries and wages came to $436k. At year end it held assets of $251k against liabilities of $40k, net assets of $211k. It reported 32 employees.