Gateway Rescue Mission Inc

Analysis

Gateway Rescue Mission Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in July 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gateway Rescue Mission Inc reported income of $3.7m and spending of $3.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Rescue Mission Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include Fathers Heart Street Ministry ($3.7m), News ($3.7m) and Hobe Sound Child Care Center Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $249k (7.2% of expenses). Other salaries and wages came to $974k. It paid $20k in professional fundraising fees. At year end it held assets of $5.5m against liabilities of $145k, net assets of $5.3m. It reported 30 employees.