Gateway Community Charters

Analysis

Gateway Community Charters is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in December 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 2023, Gateway Community Charters reported income of $117.1m and spending of $93.0m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.1m to $117.1m (+102%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Community Charters sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Assumption University ($116.9m), Kipp New Orleans Inc ($117.4m) and Moody Bible Institute of Chicago ($116.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $544k (0.6% of expenses). Other salaries and wages came to $41.8m. At year end it held assets of $160.7m against liabilities of $50.0m, net assets of $110.6m. It reported 909 employees.