Gateway Film Foundation

Analysis

Gateway Film Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Film Foundation reported income of $2.2m and spending of $2.8m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.2m (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gateway Film Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Ballet San Antonio ($2.2m), San Diego Childrens Discovery Museum ($2.2m) and Jewish Museum of Maryland Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $181k (6.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $562k, net assets of $752k. It reported 43 employees.