Gateway House Inc

Analysis

Gateway House Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gateway House Inc reported income of $278k and spending of $360k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $278k (-8.7%), an average of -2.2% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gateway House Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 55th percentile within DE. Charities of a similar size with the same main cause include Leavenworth Interfaith Community of Hope ($277k), Isaiah House ($278k) and Sunflower Manor Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $89k. At year end it held assets of $931k against liabilities of $36k, net assets of $895k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.