Gateway Boarding Academy Inc

Analysis

Gateway Boarding Academy Inc is a registered charity in United States, based in Suitland, MD. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Gateway Boarding Academy Inc reported income of $87k and spending of $86k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $87k (-2.5%), an average of -2.5% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Boarding Academy Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include East Marshall Booster Club ($87k), Quincy Retired Teachers Association Scholarship Fund Inc ($87k) and Stanton Buffaloes Project Graduation ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.