Gateway Homeless Coalition Inc

Analysis

Gateway Homeless Coalition Inc is a registered charity in United States, based in Morehead, KY. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Gateway Homeless Coalition Inc reported income of $639k and spending of $691k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $341k to $639k (+87%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Homeless Coalition Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Carpenters Shop Center Inc ($639k), Kids R US Child Development Center Inc ($639k) and Voices of Hope ($639k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $208k. At year end it held assets of $732k against liabilities of $18k, net assets of $713k. It reported 6 employees.