Gateway Services Inc

Analysis

Gateway Services Inc is a registered charity in United States, based in Princeton, IL. It received its IRS tax-exemption ruling in April 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gateway Services Inc reported income of $7.1m and spending of $6.2m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.4m to $7.1m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 91% 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 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Rainbow Acres ($7.1m), Bridgeport Rescue Mission Inc ($7.1m) and Just People Inc ($7.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $90k (1.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $5.9m against liabilities of $407k, net assets of $5.5m. It reported 137 employees.