Gateway Center for the Arts Inc

Analysis

Gateway Center for the Arts Inc is a registered charity in United States, based in Debary, FL. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Gateway Center for the Arts Inc reported income of $201k and spending of $202k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $219k to $201k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to August 2022, when income rose by 100%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gateway Center for the Arts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include City Sewing Room of St Louis ($201k), Dancexpo Inc ($201k) and Americas Survival Inc ($201k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. Other salaries and wages came to $80k. At year end it held assets of $148k against liabilities of $17k, net assets of $132k. It reported 3 employees.