Gateway School

Analysis

Gateway School is a registered charity in United States, based in Wynnewood, PA. It received its IRS tax-exemption ruling in October 1968, 58 years ago. 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 July 2024, Gateway School reported income of $1.7m and spending of $1.3m, leaving 26% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $982k to $1.7m (+77%), an average of +15% a year. The sharpest change came in the year to July 2021, when income rose by 28%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gateway School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Architectural Heritage Foundation Inc ($1.7m), Meadows at Maria Joseph Manor ($1.7m) and Front Steps Housing and Services Front Steps Housing and Services ($1.7m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 3.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $78k (6.1% of expenses). Other salaries and wages came to $750k. At year end it held assets of $3.2m against liabilities of $10k, net assets of $3.2m. It reported 22 employees.