Gateway Community and Technical College Foundation Inc

Analysis

Gateway Community and Technical College Foundation Inc is a registered charity in United States, based in Florence, KY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gateway Community and Technical College Foundation Inc reported income of $417k and spending of $1.6m, spending 375% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $126k to $417k (+230%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 628%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Community and Technical College Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Oregon Performing Arts Academy ($417k), Harbour Pointe Montessori Early Learning Center ($417k) and A B C Inc of New Canaan ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.6m against liabilities of $149k, net assets of $2.5m.