Gateway Technology Center Inc

Analysis

Gateway Technology Center Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gateway Technology Center Inc reported income of $232k and spending of $204k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $271k to $232k (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Technology Center Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Brentwood Country Club Employee Scholarship Fund ($232k), The Bridgeway Group Inc ($232k) and Lax Coastal Education Foundation ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $532k against liabilities of $0, net assets of $532k.