Friends of the Gateway School Inc

Analysis

Friends of the Gateway School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Friends of the Gateway School Inc reported income of $194k and spending of $405k, spending 209% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $2.9m to $194k (-93%), an average of -74% a year. The sharpest change came in the year to June 2021, when income dropped by 82%. Over the whole period it spent 142% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Gateway School Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Downtown Georgetown Revitalization Association ($194k), McCord Memorial Library Association ($194k) and Life Sail Inc ($194k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $187k. At year end it held assets of $1 against liabilities of $0, net assets of $1. It reported 4 employees.