Gateway Community Industries Inc
Gateway Community Industries Inc. maintains stable finances with consistent revenue and expenses, reporting no officer compensation in available summaries.
EIN: 141458757 · Kingston, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.1M |
| Total Expenses | $14.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $4.2M |
| Transparency Score | 80/100 |
Is Gateway Community Industries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway Community Industries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateway Community Industries Inc
Gateway Community Industries Inc (EIN: 141458757) is a nonprofit organization based in Kingston, NY, classified under NTEE code P820. The organization reported total revenue of $15.1M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Community Industries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Community Industries Inc is a large nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.3M |
| Total Expenses | $14.5M |
| Surplus / Deficit | $-173,561 |
| Total Assets | $7.5M |
| Total Liabilities | $3.3M |
| Net Assets | $4.2M |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 44.0% |
| Months of Reserves | 6.2 months |
Financial Health Grade: B
In 2023, Gateway Community Industries Inc reported a deficit of $174K with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 44.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gateway Community Industries Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +6.6% | -8.4% |
| 2022 | +9.9% | +16.8% | +2.8% |
| 2021 | +8.0% | -2.7% | +2.2% |
| 2020 | -5.2% | -2.0% | +7.5% |
| 2019 | -2.5% | -0.8% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gateway Community Industries Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gateway Community Industries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $174K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.0%.
Executive Compensation Analysis
The provided IRS 990 data consistently shows 0% officer compensation across all available filing periods, which is unusual for an organization of this size with over $14 million in annual revenue. This either indicates that executive compensation is not being reported in this specific field or that it is exceptionally low, warranting further scrutiny of the full 990 forms for details on key employee compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gateway Community Industries Inc's IRS 990 filings:
- Consistent 0% officer compensation reported in summary data, which is unusual for an organization of this scale and warrants further investigation into full 990 forms for key employee compensation details.
Strengths
The following positive indicators were identified for Gateway Community Industries Inc:
- Consistent revenue generation, with latest revenue at $15,128,248, demonstrating strong operational capacity.
- Stable asset base, with $7,841,106 in assets, indicating financial resilience.
- Long history of IRS 990 filings (13 filings), suggesting transparency and established operations.
- Expenses generally align with revenues, indicating responsible financial management over time.
Frequently Asked Questions about Gateway Community Industries Inc
Is Gateway Community Industries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gateway Community Industries Inc (EIN: 141458757) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Gateway Community Industries Inc spend its money?
Gateway Community Industries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gateway Community Industries Inc tax-deductible?
Gateway Community Industries Inc is registered as a tax-exempt nonprofit (EIN: 141458757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gateway Community Industries Inc CEO make?
Gateway Community Industries Inc's highest-compensated officer earns $14 annually. The organization reported $15.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gateway Community Industries Inc's spending goes to programs?
Gateway Community Industries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gateway Community Industries Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Gateway Community Industries Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gateway Community Industries Inc located?
Gateway Community Industries Inc is headquartered in Kingston, New York and files with the IRS under EIN 141458757. It is classified under NTEE code P820.
How many years of IRS 990 filings does Gateway Community Industries Inc have?
Gateway Community Industries Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.1M in total revenue.
Is Gateway Community Industries Inc. a good charity?
Based on the provided data, Gateway Community Industries Inc. appears to be a financially stable organization with consistent operations. The lack of reported officer compensation in the summary data is a point to investigate further, but generally, consistent revenue and expense levels, along with a stable asset base, suggest responsible management.
How does Gateway Community Industries Inc. fund its operations?
The organization consistently generates over $12 million in annual revenue, reaching $14,349,330 in 2023. This revenue primarily covers its operational expenses, which were $14,522,891 in 2023. The specific sources of revenue (e.g., government grants, program service fees, donations) would require a deeper dive into the full 990 forms.
What is the trend in Gateway Community Industries Inc.'s financial health?
Gateway Community Industries Inc. has maintained a relatively stable financial position over the past decade. While there are minor fluctuations, such as a slight operational deficit in 2023 (Revenue $14.3M, Expenses $14.5M), its assets have remained robust, indicating a consistent ability to manage its financial obligations.
Filing History
IRS 990 filing history for Gateway Community Industries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gateway Community Industries Inc's revenue has grown by 26.1%, moving from $11.4M to $14.3M. Total assets decreased by 2.1% over the same period, from $7.6M to $7.5M. Total functional expenses rose by 22.7%, from $11.8M to $14.5M. In its most recent filing year (2023), Gateway Community Industries Inc reported a deficit of $174K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $7.5M in assets (debt-to-asset ratio: 44.0%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.3M | $14.5M | $7.5M | $3.3M | — | View 990 |
| 2022 | $13.8M | $13.6M | $8.1M | $3.9M | — | — |
| 2021 | $12.6M | $11.7M | $7.9M | $3.9M | — | View 990 |
| 2020 | $11.6M | $12.0M | $7.7M | $4.6M | — | — |
| 2019 | $12.3M | $12.2M | $7.2M | $3.7M | — | View 990 |
| 2018 | $12.6M | $12.3M | $6.9M | $3.5M | — | View 990 |
| 2017 | $12.6M | $12.6M | $7.0M | $3.8M | — | View 990 |
| 2016 | $14.2M | $12.6M | $7.3M | $4.1M | — | View 990 |
| 2015 | $12.2M | $12.2M | $7.6M | $6.0M | — | View 990 |
| 2014 | $12.3M | $12.4M | $6.4M | $4.8M | — | View 990 |
| 2013 | $12.6M | $12.7M | $6.6M | $4.7M | — | View 990 |
| 2012 | $12.9M | $12.4M | $7.0M | $5.0M | — | View 990 |
| 2011 | $11.4M | $11.8M | $7.6M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.3M, expenses of $14.5M, and assets of $7.5M (revenue +3.8% year-over-year).
- 2022: Revenue of $13.8M, expenses of $13.6M, and assets of $8.1M (revenue +9.9% year-over-year).
- 2021: Revenue of $12.6M, expenses of $11.7M, and assets of $7.9M (revenue +8.0% year-over-year).
- 2020: Revenue of $11.6M, expenses of $12.0M, and assets of $7.7M (revenue -5.2% year-over-year).
- 2019: Revenue of $12.3M, expenses of $12.2M, and assets of $7.2M (revenue -2.5% year-over-year).
- 2018: Revenue of $12.6M, expenses of $12.3M, and assets of $6.9M (revenue +0.3% year-over-year).
- 2017: Revenue of $12.6M, expenses of $12.6M, and assets of $7.0M (revenue -11.7% year-over-year).
- 2016: Revenue of $14.2M, expenses of $12.6M, and assets of $7.3M (revenue +16.4% year-over-year).
- 2015: Revenue of $12.2M, expenses of $12.2M, and assets of $7.6M (revenue -0.8% year-over-year).
- 2014: Revenue of $12.3M, expenses of $12.4M, and assets of $6.4M (revenue -2.3% year-over-year).
- 2013: Revenue of $12.6M, expenses of $12.7M, and assets of $6.6M (revenue -2.4% year-over-year).
- 2012: Revenue of $12.9M, expenses of $12.4M, and assets of $7.0M (revenue +13.6% year-over-year).
- 2011: Revenue of $11.4M, expenses of $11.8M, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Community Industries Inc:
Data Sources and Methodology
This transparency report for Gateway Community Industries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.