Gate Youth Center

Analysis

Gate Youth Center is a registered charity in United States, based in Hamilton, MI. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2024, Gate Youth Center reported income of $64k and spending of $62k, spending 98% of its income. Across the 3 years on record, from August 2022 to August 2024, income fell from $78k to $64k (-18%), an average of -9.7% a year. The sharpest change came in the year to August 2023, when income dropped by 22%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gate Youth Center sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Viking Theater Booster Club ($64k), Regents of the University of Minnesota ($64k) and Girls on the Run of the Chippewa Valley Inc ($64k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 92% and program service revenue 2.5% of the total. At year end it held assets of $46k against liabilities of $2,155, net assets of $44k.