Family Gateway Inc

Analysis

Family Gateway Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Family Gateway Inc reported income of $9.0m and spending of $7.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $9.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Gateway Inc sits at the 95th 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 TX. Charities of a similar size with the same main cause include Boulder Shelter for the Homeless Inc ($9.0m), National Affordable Housing Trust Inc ($9.0m) and Enable of Georgia Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $394k (5.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $10.9m against liabilities of $1.2m, net assets of $9.7m. It reported 76 employees.