Gateway Community Services

Analysis

Gateway Community Services is a registered charity in United States, based in West Liberty, KY. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Gateway Community Services reported income of $18.9m and spending of $18.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $18.9m (+110%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gateway Community Services sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Montana Community Development Corporation ($18.9m), Hampton Roads Community Action Program Inc ($19.0m) and Community Action Committee of Cape Cod & Islands Inc ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Other salaries and wages came to $7.1m. At year end it held assets of $6.4m against liabilities of $2.5m, net assets of $4.0m. It reported 359 employees.