Gateway Wellness Foundation

Analysis

Gateway Wellness Foundation is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Wellness Foundation reported income of $1.8m and spending of $2.3m, spending 126% of what it took in. Across the 2 years on record, from September 2019 to December 2023, income fell from $5.1m to $1.8m (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Wellness Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Jewish Family & Childrens Service of Long Beach-West Orange County ($1.8m), Hereford Youth Foundation of America ($1.8m) and Brookland Center for Community Economic Change ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $358k. At year end it held assets of $17.3m against liabilities of $591k, net assets of $16.7m. It reported 4 employees.