Gateway Global Foundation

Analysis

Gateway Global Foundation is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Gateway Global Foundation reported income of $54k and spending of $25k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $54k (-82%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Global Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Earth Codes Observatory Inc ($54k), WG 1998 Scholarship Foundation ($54k) and Augusta Preparatory Day School Athletic Booster Club ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $288k against liabilities of $0, net assets of $288k.