Gateway Montessori School

Analysis

Gateway Montessori School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gateway Montessori School reported income of $879k and spending of $860k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $664k to $879k (+32%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Montessori School sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Trinity Ame Early Learning Center LLC ($879k), West Central Learning Academy II Inc ($879k) and Engaged in Life Academy Inc ($878k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 93% of the total. Other salaries and wages came to $565k. At year end it held assets of $3.1m against liabilities of $1.5m, net assets of $1.6m. It reported 16 employees.