Gateway Industries of Eldon

Analysis

Gateway Industries of Eldon is a registered charity in United States, based in Eldon, MO. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Industries of Eldon reported income of $504k and spending of $524k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $425k to $504k (+19%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gateway Industries of Eldon sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include Wiesbaden Community Spouses Club Inc ($504k), Guardianship Services of Saginaw County Inc ($504k) and Sheet Metal Workers Intl Local 214 Baton Rouge Educational Trust Fund ($504k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. Other salaries and wages came to $330k. At year end it held assets of $779k against liabilities of $33k, net assets of $746k. It reported 45 employees.