Patriots Gateway Community Center

Analysis

Patriots Gateway Community Center is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Patriots Gateway Community Center reported income of $551k and spending of $625k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $551k (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 515%. Over the whole period it spent 62% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Patriots Gateway Community Center 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 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Virginia Amateur Sports Inc ($551k), Y-Cop of Mount Vernon Inc ($551k) and GTS Youth Sports Inc ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Other salaries and wages came to $245k. At year end it held assets of $2.8m against liabilities of $126k, net assets of $2.6m. It reported 34 employees.