Gatesway Foundation Inc

Analysis

Gatesway Foundation Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in August 1965, 61 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 June 2023, Gatesway Foundation Inc reported income of $10.3m and spending of $9.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $10.3m (+11%), an average of +2.5% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gatesway Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OK. Charities of a similar size with the same main cause include Pace Community Action Agency Inc ($10.3m), National Institute for Childrens Health Quality Inc ($10.3m) and Broward House Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $6.2m. At year end it held assets of $6.0m against liabilities of $1.6m, net assets of $4.4m. It reported 310 employees.