Gateway City Live Org Inc

Analysis

Gateway City Live Org Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 City Live Org Inc reported income of $74k and spending of $72k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $13k to $74k (+480%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 30007%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gateway City Live Org Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include Joy of Giving ($74k), Lathrop Antique Car Tractor & Engine Association ($74k) and Associate Members of Old Mill Village Museum Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.