Gateways Hospital & Mental Health Center

Analysis

Gateways Hospital & Mental Health Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1954, 72 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gateways Hospital & Mental Health Center reported income of $41.9m and spending of $40.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.0m to $41.9m (+40%), an average of +8.7% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gateways Hospital & Mental Health Center 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 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Apt Foundation Inc ($41.9m), Johnson County Regional Hospital ($41.9m) and Kennebec Valley Mental Health Center ($41.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.2m (5.3% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $31.7m against liabilities of $11.2m, net assets of $20.5m. It reported 450 employees.