The Arc Gateway Inc

Analysis

The Arc Gateway Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in December 1955, 71 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 September 2023, The Arc Gateway Inc reported income of $9.1m and spending of $9.6m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.0m to $9.1m (+14%), an average of +3.3% a year. 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, The Arc Gateway Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Filene Research Institute Inc ($9.1m), Navigator Homes of Marthas Vineyard Inc ($9.1m) and East Oakland Youth Development Center ($9.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $405k (4.2% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $4.1m against liabilities of $1.7m, net assets of $2.4m. It reported 403 employees.