Gateway Academy Inc

Analysis

Gateway Academy Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 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 Academy Inc reported income of $3.9m and spending of $3.5m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $3.9m (+24%), an average of +5.5% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Business Education in Science and Technology for New Americans Inc ($3.9m), Saint Josephs Episcopal School Inc ($3.9m) and Horizon Science Academy Dayton Downtown Inc ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $272k (7.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $11.2m against liabilities of $10.4m, net assets of $881k. It reported 41 employees.