Gateway Charter Academy

Analysis

Gateway Charter Academy is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 2000, 26 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 August 2023, Gateway Charter Academy reported income of $7.1m and spending of $8.8m, spending 123% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $7.3m to $7.1m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to August 2021, when income rose by 18%. 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, Gateway Charter Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Tiftarea Academy Inc ($7.1m), Texas High School Rodeo Association Inc ($7.1m) and Vertus Charter School ($7.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $3.3m (38% of expenses). At year end it held assets of $9.5m against liabilities of $7.5m, net assets of $2.0m. It reported 110 employees.