Gaston Day School Inc

Analysis

Gaston Day School Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in February 1967, 59 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, Gaston Day School Inc reported income of $9.6m and spending of $10.4m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $9.6m (+4.0%), an average of +1.0% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gaston Day School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Associated Students of San Jose State University ($9.6m), Gerstell Academy Inc ($9.6m) and Greenwood Leflore Educational Foundation Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $528k (5.1% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $27.1m against liabilities of $2.9m, net assets of $24.2m. It reported 196 employees.