Development Gateway Inc

Analysis

Development Gateway Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Development Gateway Inc reported income of $11.6m and spending of $9.2m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $13.6m to $11.6m (-15%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Development Gateway Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Mennonite Economic Development Associates ($11.6m), Thessalonica Agricultural & Industrial Institute ($11.6m) and Ywam Ships Orange County ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $368k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $15.5m against liabilities of $5.2m, net assets of $10.3m. It reported 22 employees.