Gateway Homeless Services Inc

Analysis

Gateway Homeless Services Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1977, 49 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 Homeless Services Inc reported income of $2.6m and spending of $2.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.6m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Homeless Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Socially Responsible Agriculture Project Inc ($2.6m), Community Restoration Project Corporation ($2.6m) and The Matthews House ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $101k (4.3% of expenses). Other salaries and wages came to $897k. At year end it held assets of $4.2m against liabilities of $92k, net assets of $4.1m. It reported 35 employees.