Gateway to the Future Inc

Analysis

Gateway to the Future Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 to the Future Inc reported income of $245k and spending of $227k, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $249k to $245k (-1.6%), an average of -0.3% a year. The sharpest change came in the year to December 2019, when income dropped by 34%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gateway to the Future Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Simple Charity Inc ($245k), Eileen Youtie Foundation Inc ($245k) and Tower Lights Charities Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.