Gateway School

Analysis

Gateway School is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in February 1978, 48 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, Gateway School reported income of $5.7m and spending of $5.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $5.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gateway School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Suncoast Credit Union Foundation ($5.7m), Columbus Educational FDN in ($5.7m) and Columbus Preparatory and Fitness Academy ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $158k (2.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.4m against liabilities of $1.9m, net assets of $1.5m. It reported 68 employees.