After Gateway Inc

Analysis

After Gateway Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, After Gateway Inc reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $910k to $1.7m (+89%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, After Gateway Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Canticle Farm ($1.7m), Grayson Grand Central Station ($1.7m) and Rio Grande Child Development Center & Family Services ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $61k (3.6% of expenses). Other salaries and wages came to $891k. At year end it held assets of $348k against liabilities of $137k, net assets of $210k. It reported 55 employees.