Gateway Creative Broadcasting Inc

Analysis

Gateway Creative Broadcasting Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Gateway Creative Broadcasting Inc reported income of $8.6m and spending of $8.5m, spending 98% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $8.1m to $8.6m (+5.5%), an average of +1.4% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gateway Creative Broadcasting Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MO. Charities of a similar size with the same main cause include Detroit Historical Society ($8.6m), Blue Lake Fine Arts Camp ($8.6m) and Nebraska Public Media Foundation Inc ($8.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $985k (12% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $22.9m against liabilities of $10.4m, net assets of $12.5m. It reported 27 employees.