Gateway Accessible Housing III Inc

Analysis

Gateway Accessible Housing III Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Gateway Accessible Housing III Inc reported income of $218k and spending of $223k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $218k (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gateway Accessible Housing III Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within MO. Charities of a similar size with the same main cause include Gibb Mabry Village Inc ($218k), Pollywog Creek Senior Housing Incorporated ($218k) and Duluth Supportive Housing Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Other salaries and wages came to $35k. At year end it held assets of $972k against liabilities of $87k, net assets of $885k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.