Gateway Industry Inc

Analysis

Gateway Industry Inc is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Industry Inc reported income of $277k and spending of $257k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $933k to $277k (-70%), an average of -33% a year. The sharpest change came in the year to December 2021, when income dropped by 62%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gateway Industry Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($277k), PTA Texas Congress ($277k) and Pittsburgh Dynamo Youth Soccer Association Inc ($277k).

At year end it held assets of $594k against liabilities of $0, net assets of $594k.