Fly Gateway Aviation Institute

Analysis

Fly Gateway Aviation Institute is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in November 2019, 7 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 December 2023, Fly Gateway Aviation Institute reported income of $1.9m and spending of $3.0m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fly Gateway Aviation Institute sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within DE. Charities of a similar size with the same main cause include The Chatfield Edge ($1.9m), Auburn Research and Technology Foundation ($1.9m) and Hartridge Academy Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.9m against liabilities of $3.2m, net assets of -$1.3m.