Gateway Family Services Inc

Analysis

Gateway Family Services Inc is a registered charity in United States, based in Snyder, TX. It received its IRS tax-exemption ruling in December 1999, 27 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 August 2023, Gateway Family Services Inc reported income of $918k and spending of $902k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $690k to $918k (+33%), an average of +7.4% a year. The sharpest change came in the year to August 2022, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Family Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Innovative Health Care Services ($918k), Darlington County Council on Aging ($918k) and Meals on Wheels ($918k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $132k (15% of expenses). Other salaries and wages came to $428k. At year end it held assets of $1.1m against liabilities of $64k, net assets of $1.0m. It reported 30 employees.