Gateway Foundation-Texas Gateway Foundation Inc

Analysis

Gateway Foundation-Texas Gateway Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Gateway Foundation-Texas Gateway Foundation Inc reported income of $19.4m and spending of $21.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.6m to $19.4m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateway Foundation-Texas Gateway Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include McGregor Clinic Inc ($19.4m), Cornerstone Vna ($19.4m) and Alliance Health of Brockton Inc ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $11.7m. At year end it held assets of $3.9m against liabilities of $36.5m, net assets of -$32.6m.

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.