Arc Gateway Foundation Inc

Analysis

Arc Gateway Foundation Inc is a registered charity in United States, based in Pensacola, FL. 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Arc Gateway Foundation Inc reported income of $326k and spending of $375k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $295k to $326k (+11%), an average of +2.5% a year. The sharpest change came in the year to September 2022, when income rose by 37%. Over the whole period it spent 142% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arc Gateway Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include New Orleans Medical Mission Services Foundation ($326k), Heartlove Place Inc ($326k) and Family Garden ($326k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $181k against liabilities of $19k, net assets of $161k.