Quick charity verification for Gateway School Of New York (EIN: 132572597)
Verdict: Gateway School Of New York appears trustworthy
90/100Mission Score
$18.6MRevenue
$28.3MAssets
1Red Flags
3Strengths
Red Flags
Latest fiscal year (2023) shows expenses ($11,796,893) exceeding revenue ($11,459,450), indicating an operational deficit for that period.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency and mission-focused resource allocation.
Significant asset growth from $6.7 million in 2014 to $27.6 million in 2023, demonstrating long-term financial health and capacity.
Substantial revenue growth from $4.1 million in 2014 to $11.4 million in 2023, reflecting increasing support and program reach.
Spending Breakdown
How Gateway School Of New York allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Gateway School Of New York
Is Gateway School Of New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Gateway School Of New York (EIN: 132572597) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
Is Gateway School Of New York a good charity to donate to?
Gateway School Of New York has a Mission Score of 90/100. Revenue: $18.6M. Assets: $28.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gateway School Of New York?
The Employer Identification Number (EIN) for Gateway School Of New York is 132572597. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Gateway School Of New York spend its money?
Gateway School Of New York allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gateway School Of New York's tax-exempt status?
You can verify Gateway School Of New York's tax-exempt status using EIN 132572597 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Gateway School Of New York demonstrates a generally stable financial position, with assets growing significantly from $6.7 million in 2014 to $27.6 million in 2023. Revenue has also seen substantial growth, from $4.1 million in 2014 to $11.4 million in 2023, indicating increasing support and operational scale. The organization has consistently reported 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing resources towards its mission rather than executive pay.
While the organization's expenses have generally been in line with or slightly below revenue in most years, the 2023 period shows expenses of $11,796,893 exceeding revenue of $11,459,450, resulting in a slight deficit for that year. This warrants monitoring to ensure long-term financial sustainability. The consistent reporting of 0% officer compensation across all filings is a significant positive for transparency and efficient use of funds.
Overall, Gateway School Of New York appears to be a financially sound organization with a strong growth trajectory in assets and revenue over the past decade. The absence of reported officer compensation is a notable strength in terms of financial transparency and resource allocation. The slight deficit in the most recent year's operations should be observed, but the overall trend suggests a well-managed and mission-focused entity.