Gateway Foundation of Acadiana

Analysis

Gateway Foundation of Acadiana is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 March 2024, Gateway Foundation of Acadiana reported income of $64k and spending of $59k, spending 93% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $46k to $64k (+39%), an average of +39% a year. The sharpest change came in the year to March 2024, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gateway Foundation of Acadiana sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within LA. Charities of a similar size with the same main cause include A Childs Place Scholarship Fund Inc ($64k), Together with Hill Country Veterans ($64k) and Road Runners Club of America Inc ($64k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $5,512 against liabilities of $0, net assets of $5,512.