Gateway Center of Monterey County Inc

Analysis

Gateway Center of Monterey County Inc is a registered charity in United States, based in Pacific Grove, CA. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Gateway Center of Monterey County Inc reported income of $6.6m and spending of $6.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $6.6m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gateway Center of Monterey County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Caring for Kids Inc ($6.6m), City Relief Inc ($6.6m) and Lutheran Social Ministries of New Jersey ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $5.6m against liabilities of $529k, net assets of $5.0m. It reported 136 employees.