Gateway Foundation Inc

Analysis

Gateway Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1968, 58 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Gateway Foundation Inc reported income of $95.9m and spending of $98.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $84.9m to $95.9m (+13%), an average of +3.1% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateway Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Southwest Behavioral Health Services Inc ($95.8m), Signal Behavioral Health Network ($95.9m) and San Gorgonio Memorial Hospital ($95.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.1m (2.1% of expenses). Other salaries and wages came to $54.3m. At year end it held assets of $55.8m against liabilities of $32.7m, net assets of $23.1m. It reported 1,838 employees.