Gate City Charter School for the Arts

Analysis

Gate City Charter School for the Arts is a registered charity in United States, based in Merrimack, NH. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, Gate City Charter School for the Arts reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+7.2%), an average of +1.8% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gate City Charter School for the Arts sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NH. Charities of a similar size with the same main cause include Westgate Child Center Corporation ($1.6m), Northeast Florida Regional Stem2 Hub Inc ($1.6m) and New Beginnings ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $174k against liabilities of $147k, net assets of $27k. It reported 38 employees.