Gateway Charter School

Analysis

Gateway Charter School is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in October 2008, 18 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 June 2023, Gateway Charter School reported income of $5.0m and spending of $5.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.0m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Charter School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within DE. Charities of a similar size with the same main cause include Harry S Truman Library Institute for National & International Affai ($5.0m), Southern Connecticut State University Foundation Inc ($5.0m) and New Hope Academy ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $217k (4.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.5m against liabilities of $12.5m, net assets of -$8.0m.