Gateway Sports & Pools Inc

Analysis

Gateway Sports & Pools Inc is a registered charity in United States, based in Altamont, NY. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Sports & Pools Inc reported income of $251k and spending of $492k, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $251k (-86%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 124% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gateway Sports & Pools Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Bandon Community Youth Center Inc ($251k), Maple Valley Pony Baseball Association ($251k) and Futures Collegiate Baseball League of New England Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $99k (20% of expenses). Other salaries and wages came to $111k. At year end it held assets of $658k against liabilities of $1.3m, net assets of -$617k.

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.