Gateway to Success

Analysis

Gateway to Success is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2019, 7 years ago. 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 December 2023, Gateway to Success reported income of $1.7m and spending of $1.3m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13k to $1.7m (+12619%), an average of +236% a year. The sharpest change came in the year to December 2020, when income rose by 2622%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gateway to Success sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Red Rocks Community College Foundation ($1.7m), Youth Service Managers Inc ($1.7m) and Alzheimers Disease International- the International Federation of ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $196k (15% of expenses). Other salaries and wages came to $598k. At year end it held assets of $499k against liabilities of $0, net assets of $499k. It reported 17 employees.