Gateway Montessori School

Analysis

Gateway Montessori School is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in October 1983, 43 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 July 2024, Gateway Montessori School reported income of $620k and spending of $661k, spending 107% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $301k to $620k (+106%), an average of +20% a year. The sharpest change came in the year to July 2021, when income rose by 93%. 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, Gateway Montessori School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Beaverton Education Foundation ($620k), Holyoke Community Media Inc ($620k) and Friends of Sax-Zim Bog ($620k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $50k (7.6% of expenses). Other salaries and wages came to $440k. At year end it held assets of $186k against liabilities of $0, net assets of $186k. It reported 23 employees.