Gateway Qalicb Inc

Analysis

Gateway Qalicb Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gateway Qalicb Inc reported income of $546k and spending of $855k, spending 157% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gateway Qalicb Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Columbian Village Inc ($546k), Pioneer Place Senior Housing II ($546k) and Salem Interfaith Hospitality Network ($546k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $17k. At year end it held assets of $11.1m against liabilities of $12.1m, net assets of -$1.0m.

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.