Gateway Community Outreach Inc

Analysis

Gateway Community Outreach Inc is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in July 1995, 31 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 Community Outreach Inc reported income of $746k and spending of $834k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $746k (-36%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 49%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Community Outreach Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Black Mamas Community Collective ($746k), We Are Family Senior Outreach Network Inc ($746k) and Now I Lay Me Down to Sleep ($745k).

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 $60k (7.2% of expenses). Other salaries and wages came to $116k. At year end it held assets of $638k against liabilities of $23k, net assets of $615k. It reported 8 employees.