Gatewood Schools Inc

Analysis

Gatewood Schools Inc is a registered charity in United States, based in Eatonton, GA. It received its IRS tax-exemption ruling in July 1985, 41 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 2024, Gatewood Schools Inc reported income of $6.1m and spending of $4.2m, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.7m to $6.1m (+62%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gatewood Schools Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Horizon Science Academy-Cleveland Middle School ($6.1m), Shaw Educational Foundation ($6.1m) and Morrisville College Foundation Inc ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 60% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $12.4m against liabilities of $6.1m, net assets of $6.3m. It reported 84 employees.