Houston Gateway Academy Inc

Analysis

Houston Gateway Academy Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Houston Gateway Academy Inc reported income of $28.8m and spending of $18.0m, leaving 37% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $23.0m to $28.8m (+25%), an average of +5.8% a year. The sharpest change came in the year to August 2021, when income rose by 22%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Houston Gateway Academy Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Leadership Public Schools Inc ($28.7m), Saga Innovations ($28.8m) and Advanced Education Research & Development Fund ($28.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $594k (3.3% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $100.7m against liabilities of $1.7m, net assets of $99.0m. It reported 259 employees.