Gatehouse Society Inc

Analysis

Gatehouse Society Inc is a registered charity in United States, based in Sterling HTS, MI. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Gatehouse Society Inc reported income of $128k and spending of $111k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $153k to $128k (-16%), an average of -8.5% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gatehouse Society Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Utica Volunteer Fire Department ($128k), American Chemical Society ($128k) and Sioux City Public Library Foundation ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.