New Gate School Inc

Analysis

New Gate School Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 1993, 33 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, New Gate School Inc reported income of $3.0m and spending of $3.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $3.0m (+42%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Gate School Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Chelsea Academy Inc ($3.0m), Be Er Yeshaya ($3.0m) and P E O Star Scholarship ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 91% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $966k against liabilities of $961k, net assets of $4,929. It reported 43 employees.