Gateway Research Park Inc

Analysis

Gateway Research Park Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gateway Research Park Inc reported income of $7.4m and spending of $8.2m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.1m to $7.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Research Park Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Cabrillo College Foundation ($7.4m), Finishing Trades Institute of DC 14 Chicago ($7.4m) and Covenant Christian Schools of Indianapolis Inc ($7.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $229k (2.8% of expenses). Other salaries and wages came to $856k. At year end it held assets of $75.3m against liabilities of $25.2m, net assets of $50.1m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.