Gateway Apprenticeship Program

Analysis

Gateway Apprenticeship Program is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 1997, 29 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 Apprenticeship Program reported income of $1.9m and spending of $495k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $135k to $1.9m (+1299%), an average of +93% a year. The sharpest change came in the year to June 2023, when income rose by 569%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Apprenticeship Program 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 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Canyon Crest Academy Foundation Inc ($1.9m), Voyageurs Expeditionary School ($1.9m) and Learning Resources Network Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 20% of the total. Other salaries and wages came to $91k. At year end it held assets of $4.1m against liabilities of $1.6m, net assets of $2.5m. It reported 6 employees.