Gates School

Analysis

Gates School is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in December 2020, 6 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 June 2023, Gates School reported income of $1.7m and spending of $2.4m, spending 146% of what it took in. The sharpest change came in the year to June 2022, when income rose by 707%. Over the whole period it spent 133% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gates School sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Florida Debate Initiative Inc ($1.7m), International Literacy Association ($1.7m) and Grayson County College Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.8m against liabilities of $6.1m, net assets of -$1.3m. It reported 12 employees.