Gateway House Inc

Analysis

Gateway House Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in July 1984, 42 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 2022, Gateway House Inc reported income of $2.0m and spending of $2.3m, spending 117% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $2.8m to $2.0m (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateway House Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Sutter Roseville Medical Center Foundation ($2.0m), Floating Hospital Foundation Inc ($2.0m) and Rios Senior Residence Housing Development Fund Corporation ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $218k (9.5% of expenses). Other salaries and wages came to $902k. At year end it held assets of $9.0m against liabilities of $144k, net assets of $8.8m. It reported 25 employees.