Gate City Charter Academy Inc

Analysis

Gate City Charter Academy Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 2017, 9 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 Academy Inc reported income of $8.4m and spending of $8.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $8.4m (+30%), an average of +6.8% a year. Over the whole period it spent 100% 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 Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Northwest Foundation Inc ($8.4m), Hennepin Schools ($8.4m) and Century Community Charter Schools Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $126k.