Learning Gate Education Foundationinc

Analysis

Learning Gate Education Foundationinc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Learning Gate Education Foundationinc reported income of $158k and spending of $188k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $158k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Learning Gate Education Foundationinc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Newton North High School Parent Teacher Student Organization ($158k), Silver Falls Christian School ($158k) and Harvest Christian Acdademy ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.