Gateway

Analysis

Gateway is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1973, 53 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 September 2023, Gateway reported income of $5.7m and spending of $5.0m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.2m to $5.7m (-30%), an average of -8.6% a year. The sharpest change came in the year to September 2020, when income dropped by 27%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include Target Hunger ($5.7m), Lifespan Inc ($5.7m) and Mennowood Communities Inc ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $501k (10% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $36.3m against liabilities of $1.4m, net assets of $34.9m. It reported 52 employees.