Gateways Industries Inc
Gateways Industries Inc. reports recent operational deficits despite consistent zero liabilities and no officer compensation.
EIN: 208073895 · Youngstown, OH · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $4.0M |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Gateways Industries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateways Industries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateways Industries Inc
Gateways Industries Inc (EIN: 208073895) is a nonprofit organization based in Youngstown, OH, classified under NTEE code F30. The organization reported total revenue of $4.9M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateways Industries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateways Industries Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-294,831 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -7.9% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2023, Gateways Industries Inc reported a deficit of $295K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Gateways Industries Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +3.2% | -12.5% |
| 2022 | +16.6% | +24.5% | -4.4% |
| 2021 | +15.6% | +41.0% | +38.6% |
| 2020 | -31.4% | -30.3% | +9.6% |
| 2019 | +6.8% | +9.3% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Gateways Industries Inc with a Mission Score of 75 out of 100 (Good). 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, Gateways 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 $295K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, which is highly unusual for an organization with annual revenues in the multi-million dollar range. This suggests either a fully volunteer-led executive team or compensation structured in a way that is not reported as officer compensation on the 990, which could be a point of inquiry.
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 Gateways Industries Inc's IRS 990 filings:
- Consistent operational deficits in the last three fiscal years (2021-2023), with expenses exceeding revenue.
- Unusually low or zero reported officer compensation for an organization of this revenue size, which may warrant further investigation into executive compensation structures.
Strengths
The following positive indicators were identified for Gateways Industries Inc:
- Consistent reporting of zero liabilities across all filings, indicating a strong debt-free balance sheet.
- Transparency in reporting, particularly with the consistent zero liability and officer compensation figures.
- Maintained a stable asset base over several years, providing financial stability.
Frequently Asked Questions about Gateways Industries Inc
Is Gateways Industries Inc a legitimate charity?
Gateways Industries Inc (EIN: 208073895) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.9M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gateways Industries Inc spend its money?
Gateways Industries Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gateways Industries Inc tax-deductible?
Gateways Industries Inc is registered as a tax-exempt nonprofit (EIN: 208073895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gateways Industries Inc's spending goes to programs?
Gateways Industries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gateways Industries Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gateways Industries Inc is above average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gateways Industries Inc located?
Gateways Industries Inc is headquartered in Youngstown, Ohio and files with the IRS under EIN 208073895. It is classified under NTEE code F30.
How many years of IRS 990 filings does Gateways Industries Inc have?
Gateways 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 $4.9M in total revenue.
Why has Gateways Industries Inc. reported operational deficits in the last three fiscal years (2021-2023)?
In 2023, expenses ($4,035,879) exceeded revenue ($3,741,048), following similar trends in 2022 and 2021. This indicates that the organization is spending more than it is bringing in, which could be due to increased program costs, decreased funding, or a combination of factors.
How does Gateways Industries Inc. manage to operate with zero reported liabilities across all filings?
The consistent reporting of $0 liabilities suggests that the organization is either entirely debt-free or manages its finances in a way that prevents the accumulation of reportable liabilities on its balance sheet, indicating strong financial management in this area.
What is the nature of executive leadership compensation, given that 'Officer Comp' is consistently reported as 0%?
The consistent 0% officer compensation is highly unusual for an organization of this size. It could mean that executive leadership is entirely volunteer-based, or that compensation is structured and reported under different categories not captured as 'Officer Comp' on the 990.
What is the trend in the organization's assets over the past few years?
Assets have fluctuated, reaching a high of $1,386,126 in 2021 and $1,325,265 in 2022, before slightly decreasing to $1,160,254 in 2023. This indicates a relatively stable asset base, though the recent decline warrants monitoring.
Filing History
IRS 990 filing history for Gateways Industries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gateways Industries Inc's revenue has grown by 133.6%, moving from $1.6M to $3.7M. Total assets increased by 931.3% over the same period, from $113K to $1.2M. Total functional expenses rose by 146.4%, from $1.6M to $4.0M. In its most recent filing year (2023), Gateways Industries Inc reported a deficit of $295K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $4.0M | $1.2M | $0 | — | — |
| 2022 | $3.5M | $3.9M | $1.3M | $0 | — | — |
| 2021 | $3.0M | $3.1M | $1.4M | $0 | — | View 990 |
| 2020 | $2.6M | $2.2M | $1000K | $0 | — | — |
| 2019 | $3.8M | $3.2M | $912K | $0 | — | View 990 |
| 2018 | $3.6M | $2.9M | $971K | $0 | — | View 990 |
| 2017 | $3.1M | $2.6M | $1.0M | $0 | — | — |
| 2016 | $2.7M | $2.5M | $1.1M | $0 | — | View 990 |
| 2015 | $3.8M | $3.7M | $903K | $0 | — | View 990 |
| 2014 | $1.8M | $1.7M | $152K | $0 | — | View 990 |
| 2013 | $1.6M | $1.6M | $110K | $0 | — | View 990 |
| 2012 | $1.6M | $1.6M | $106K | $0 | — | View 990 |
| 2011 | $1.6M | $1.6M | $113K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $4.0M, and assets of $1.2M (revenue +6.6% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.9M, and assets of $1.3M (revenue +16.6% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.1M, and assets of $1.4M (revenue +15.6% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.2M, and assets of $1000K (revenue -31.4% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.2M, and assets of $912K (revenue +6.8% year-over-year).
- 2018: Revenue of $3.6M, expenses of $2.9M, and assets of $971K (revenue +16.2% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.6M, and assets of $1.0M (revenue +13.6% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.5M, and assets of $1.1M (revenue -29.9% year-over-year).
- 2015: Revenue of $3.8M, expenses of $3.7M, and assets of $903K (revenue +114.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.7M, and assets of $152K (revenue +14.1% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $110K (revenue -0.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $106K (revenue -1.1% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateways Industries Inc:
Data Sources and Methodology
This transparency report for Gateways 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.