Gateway Horseworks

Analysis

Gateway Horseworks is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Horseworks reported income of $566k and spending of $469k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $566k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateway Horseworks sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include St Michaels Harbour Inc ($566k), Out and About Shasta County ($566k) and Pregnancy Help Center of Brazosport ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $67k (14% of expenses). Other salaries and wages came to $101k. At year end it held assets of $188k against liabilities of $86k, net assets of $103k. It reported 2 employees.