Project Gatehouse Endowment

Analysis

Project Gatehouse Endowment is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Project Gatehouse Endowment reported income of $3.2m and spending of $1.3m, leaving 58% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.5m to $3.2m (-28%), an average of -7.9% a year. The sharpest change came in the year to August 2022, when income dropped by 41%. Over the whole period it spent 19% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Gatehouse Endowment sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include And Then There Were None ($3.2m), Alternative Residences Three Inc ($3.2m) and Geauga County Agricultural Society ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $73.9m against liabilities of $0, net assets of $73.9m.