Gateway Technical College Foundation Inc

Analysis

Gateway Technical College Foundation Inc is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in February 1978, 48 years ago. 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 Technical College Foundation Inc reported income of $1.6m and spending of $1.1m, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.5m to $1.6m (-37%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 243%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gateway Technical College Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Texas Extension Education Foundation Inc ($1.6m), Latin Center ($1.6m) and The Leeshore Center ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $36k. At year end it held assets of $20.0m against liabilities of $272k, net assets of $19.8m. It reported 1 employees.