Gateway School of New York

Analysis

Gateway School of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1965, 61 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 2023, Gateway School of New York reported income of $11.5m and spending of $11.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $11.5m (+77%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 72%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway School of New York sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Partnership for Ed Advancement Inc ($11.5m), Southeast Community College Educational FDN ($11.5m) and Elite Academic Academy - Lucerne ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $680k (5.8% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $27.7m against liabilities of $14.2m, net assets of $13.4m. It reported 92 employees.