Gateway Housing First Inc

Analysis

Gateway Housing First Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gateway Housing First Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $834k to $2.1m (+158%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Housing First Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Dallas Furniture Bank ($2.1m), Turning Point Childrens Social Services ($2.1m) and Childrens Home Foundation Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 29% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.6m against liabilities of $2.1m, net assets of $517k.