Gateway Global American Youth and Business Alliance Academies Inc

Analysis

Gateway Global American Youth and Business Alliance Academies Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 2019, 7 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 2024, Gateway Global American Youth and Business Alliance Academies Inc reported income of $5.3m and spending of $785k, leaving 85% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $196k to $5.3m (+2595%), an average of +419% a year. The sharpest change came in the year to June 2023, when income rose by 1622%. Over the whole period it spent 23% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Global American Youth and Business Alliance Academies Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Alumni Association of Kansas State University ($5.3m), Organization of Ancillary Services of State University College Et Al ($5.3m) and Southeast South-Central Educational Cooperative ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $212k (27% of expenses). Other salaries and wages came to $215k. It paid $14k in professional fundraising fees. At year end it held assets of $6.9m against liabilities of $3,306, net assets of $6.9m.