Gateway Landing

Analysis

Gateway Landing is a registered charity in United States, based in Winnabow, NC. It received its IRS tax-exemption ruling in March 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 December 2023, Gateway Landing reported income of $117k and spending of $117k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $117k (-11%), an average of -11% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Landing sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include F a I T H Food Pantry ($117k), Visiting Angels Foundation ($117k) and St Teresa of Avila Conference of St Vincent de Paul Society ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 63% of the total. At year end it held assets of $4,679 against liabilities of $0, net assets of $4,679.