Open Gate Nursery School

Analysis

Open Gate Nursery School is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in October 1974, 52 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 2023, Open Gate Nursery School reported income of $109k and spending of $143k, spending 131% of what it took in. Across the 3 years on record, from July 2019 to July 2023, income fell from $204k to $109k (-46%), an average of -27% a year. The sharpest change came in the year to July 2022, when income dropped by 51%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Gate Nursery School sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Tennessee Intercollegiate State Legislature Foundation ($109k), Camp Thunderbird Charitable Foundation ($109k) and Glen Cove Neighborhood Association Inc ($109k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 10.0% and program service revenue 81% of the total. At year end it held assets of $111k against liabilities of $18k, net assets of $93k.