Gateway Healthcare Inc
EIN: 50309043 · Pawtucket, RI · NTEE: F22
| Metric | Value |
|---|---|
| Total Revenue | $32.9M |
| Total Expenses | $35.2M |
| Net Assets | $7.4M |
Is Gateway Healthcare Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gateway Healthcare Inc
Gateway Healthcare Inc (EIN: 50309043) is a nonprofit organization based in Pawtucket, RI, classified under NTEE code F22. The organization reported total revenue of $32.9M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Healthcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Healthcare Inc is a large nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.9M |
| Total Expenses | $35.2M |
| Surplus / Deficit | $-4,255,596 |
| Total Assets | $11.9M |
| Total Liabilities | $4.6M |
| Net Assets | $7.4M |
| Operating Margin | -13.8% |
| Debt-to-Asset Ratio | 38.2% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Gateway Healthcare Inc reported a deficit of $4.3M with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 38.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Gateway Healthcare Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +22.7% | -12.6% |
| 2022 | -0.1% | +0.6% | +1.9% |
| 2021 | -11.1% | -11.3% | +3.6% |
| 2020 | +13.7% | -3.2% | +17.9% |
| 2019 | +1.9% | +0.3% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gateway Healthcare Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gateway Healthcare Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.2%.
Frequently Asked Questions about Gateway Healthcare Inc
Is Gateway Healthcare Inc a legitimate charity?
Gateway Healthcare Inc (EIN: 50309043) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $32.9M. No red flags identified. Financial health grade: B.
How does Gateway Healthcare Inc spend its money?
Gateway Healthcare Inc reported $32.9M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gateway Healthcare Inc tax-deductible?
Gateway Healthcare Inc is registered as a tax-exempt nonprofit (EIN: 50309043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gateway Healthcare Inc located?
Gateway Healthcare Inc is headquartered in Pawtucket, Rhode Island and files with the IRS under EIN 50309043. It is classified under NTEE code F22.
How many years of IRS 990 filings does Gateway Healthcare Inc have?
Gateway Healthcare Inc has 14 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 $32.9M in total revenue.
Filing History
IRS 990 filing history for Gateway Healthcare Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Gateway Healthcare Inc's revenue has declined by 30.8%, moving from $44.7M to $30.9M. Total assets decreased by 26.6% over the same period, from $16.2M to $11.9M. Total functional expenses fell by 24%, from $46.3M to $35.2M. In its most recent filing year (2023), Gateway Healthcare Inc reported a deficit of $4.3M, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $11.9M in assets (debt-to-asset ratio: 38.2%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30.9M | $35.2M | $11.9M | $4.6M | — | — |
| 2022 | $29.2M | $28.7M | $13.6M | $6.4M | — | View 990 |
| 2021 | $29.2M | $28.5M | $13.4M | $6.5M | — | View 990 |
| 2020 | $32.9M | $32.1M | $12.9M | $6.9M | — | View 990 |
| 2019 | $28.9M | $33.2M | $11.0M | $5.6M | — | View 990 |
| 2018 | $28.4M | $33.1M | $11.8M | $30.3M | — | View 990 |
| 2017 | $30.5M | $34.6M | $14.0M | $27.8M | — | View 990 |
| 2016 | $33.5M | $36.9M | $15.7M | $25.2M | — | View 990 |
| 2015 | $36.5M | $40.6M | $14.3M | $19.9M | — | View 990 |
| 2014 | $41.9M | $48.8M | $15.9M | $17.5M | — | View 990 |
| 2013 | $10.3M | $11.6M | $18.0M | $12.8M | — | View 990 |
| 2013 | $42.4M | $39.0M | $19.5M | $13.1M | — | View 990 |
| 2012 | $41.8M | $42.5M | $18.1M | $11.4M | — | View 990 |
| 2011 | $44.7M | $46.3M | $16.2M | $8.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.9M, expenses of $35.2M, and assets of $11.9M (revenue +5.9% year-over-year).
- 2022: Revenue of $29.2M, expenses of $28.7M, and assets of $13.6M (revenue -0.1% year-over-year).
- 2021: Revenue of $29.2M, expenses of $28.5M, and assets of $13.4M (revenue -11.1% year-over-year).
- 2020: Revenue of $32.9M, expenses of $32.1M, and assets of $12.9M (revenue +13.7% year-over-year).
- 2019: Revenue of $28.9M, expenses of $33.2M, and assets of $11.0M (revenue +1.9% year-over-year).
- 2018: Revenue of $28.4M, expenses of $33.1M, and assets of $11.8M (revenue -7.1% year-over-year).
- 2017: Revenue of $30.5M, expenses of $34.6M, and assets of $14.0M (revenue -8.7% year-over-year).
- 2016: Revenue of $33.5M, expenses of $36.9M, and assets of $15.7M (revenue -8.3% year-over-year).
- 2015: Revenue of $36.5M, expenses of $40.6M, and assets of $14.3M (revenue -13.0% year-over-year).
- 2014: Revenue of $41.9M, expenses of $48.8M, and assets of $15.9M (revenue +305.4% year-over-year).
- 2013: Revenue of $10.3M, expenses of $11.6M, and assets of $18.0M (revenue -75.6% year-over-year).
- 2013: Revenue of $42.4M, expenses of $39.0M, and assets of $19.5M (revenue +1.6% year-over-year).
- 2012: Revenue of $41.8M, expenses of $42.5M, and assets of $18.1M (revenue -6.5% year-over-year).
- 2011: Revenue of $44.7M, expenses of $46.3M, and assets of $16.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Healthcare Inc:
Data Sources and Methodology
This transparency report for Gateway Healthcare 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.