Gatesway Residential Alternatives Inc

Analysis

Gatesway Residential Alternatives Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in April 1997, 29 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, Gatesway Residential Alternatives Inc reported income of $120k and spending of $150k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $116k to $120k (+3.5%), an average of +0.9% a year. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gatesway Residential Alternatives Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OK. Charities of a similar size with the same main cause include Camp Fiesta Inc ($120k), Mason G Smoak Foundation Inc ($120k) and The Cookie Project ($120k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $495k against liabilities of $1.0m, net assets of -$518k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.