Gateway Preschool Academy

Analysis

Gateway Preschool Academy is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 2011, 15 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 Preschool Academy reported income of $327k and spending of $297k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $361k to $327k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to August 2021, when income rose by 44%. 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 Preschool Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Belfast Free Library ($327k), North Berkshire Community Television Corporation Inc ($327k) and Kate Duncan Smith Dar School ($327k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $53k (18% of expenses). Other salaries and wages came to $178k. At year end it held assets of $223k against liabilities of $34k, net assets of $189k. It reported 7 employees.