Gateway Educational Services

Analysis

Gateway Educational Services is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 2011, 15 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 December 2022, Gateway Educational Services reported income of $265k and spending of $247k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $372k to $265k (-29%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway Educational Services sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Walnut Creek Library Foundation ($265k), Hope Ridge Preschool Inc ($265k) and Loomis Basin Charter School Parent Teacher Club ($265k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $14k (5.8% of expenses). Other salaries and wages came to $63k. At year end it held assets of $316k against liabilities of $35k, net assets of $281k. It reported 23 employees.