Gateway Academy Inc
Gateway Academy Inc. shows consistent revenue growth and stable assets with no reported officer compensation.
EIN: 202689988 · Phoenix, AZ · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $3.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $881K |
| Transparency Score | 85/100 |
Is Gateway Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway Academy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateway Academy Inc
Gateway Academy Inc (EIN: 202689988) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code B28. The organization reported total revenue of $4.7M and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Academy Inc is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.5M |
| Surplus / Deficit | +$394K |
| Total Assets | $11.2M |
| Total Liabilities | $10.4M |
| Net Assets | $881K |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 92.2% |
| Months of Reserves | 38.3 months |
Financial Health Grade: A
In 2024, Gateway Academy Inc reported a surplus of $394K with revenue exceeding expenses, holds 38.3 months of operating reserves (strong position), has a debt-to-asset ratio of 92.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Gateway Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.4% | +5.5% | +9.1% |
| 2023 | +13.2% | +3.5% | -9.6% |
| 2022 | -12.1% | +11.1% | -1.6% |
| 2021 | +13.7% | -1.9% | +3.4% |
| 2020 | +14.3% | +7.2% | +1250.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gateway Academy Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gateway Academy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $394K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.2%.
Executive Compensation Analysis
Gateway Academy Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues approaching $4 million. This suggests either a fully volunteer executive leadership or compensation structured in a way that is not reported as officer compensation on the 990, which warrants further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gateway Academy Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further scrutiny into how leadership is compensated or if it's entirely volunteer-run.
Strengths
The following positive indicators were identified for Gateway Academy Inc:
- Consistent revenue growth, indicating increasing support and operational capacity (e.g., from $2.7M in 201906 to $3.9M in 202406).
- Strong asset base, consistently over $10 million in recent years, demonstrating financial stability and capacity.
- Assets consistently exceed liabilities, indicating a healthy solvency position (e.g., $11.2M assets vs $10.3M liabilities in 202406).
- No reported officer compensation, which could indicate efficient use of funds if leadership is volunteer-based.
Frequently Asked Questions about Gateway Academy Inc
Is Gateway Academy Inc a legitimate charity?
Gateway Academy Inc (EIN: 202689988) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Gateway Academy Inc spend its money?
Gateway Academy Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gateway Academy Inc tax-deductible?
Gateway Academy Inc is registered as a tax-exempt nonprofit (EIN: 202689988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gateway Academy Inc CEO make?
Gateway Academy Inc's highest-compensated officer earns $4 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gateway Academy Inc's spending goes to programs?
Gateway Academy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gateway Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gateway Academy Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gateway Academy Inc located?
Gateway Academy Inc is headquartered in Phoenix, Arizona and files with the IRS under EIN 202689988. It is classified under NTEE code B28.
How many years of IRS 990 filings does Gateway Academy Inc have?
Gateway Academy Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.7M in total revenue.
How does Gateway Academy Inc. manage to operate without reporting any officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean executive leadership is entirely volunteer-based, or their compensation is categorized differently within the financial statements (e.g., as general salaries or contractor fees) rather than as direct officer compensation.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed functional expense breakdown. To understand the exact percentages allocated to programs, administration, and fundraising, one would need to review the full IRS Form 990, Part IX, Statement of Functional Expenses.
Has Gateway Academy Inc. experienced significant growth in its asset base?
Yes, the organization's assets have grown significantly, particularly between 201906 ($829,192) and 202006 ($11,201,875), and have remained over $10 million in subsequent periods, indicating substantial growth and financial stability.
What is the trend in Gateway Academy Inc.'s revenue and expenses?
Gateway Academy Inc. has shown a consistent upward trend in both revenue and expenses over the past several years. Revenue increased from $2,770,686 in 201906 to $3,918,024 in 202406, with expenses generally tracking this growth, indicating expanding operations.
Filing History
IRS 990 filing history for Gateway Academy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Gateway Academy Inc's revenue has grown by 236.5%, moving from $1.2M to $3.9M. Total assets increased by 1463.7% over the same period, from $718K to $11.2M. Total functional expenses rose by 205.7%, from $1.2M to $3.5M. In its most recent filing year (2024), Gateway Academy Inc reported a surplus of $394K, with revenue exceeding expenses. The organization holds $10.4M in liabilities against $11.2M in assets (debt-to-asset ratio: 92.2%), resulting in net assets of $881K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.9M | $3.5M | $11.2M | $10.4M | — | View 990 |
| 2023 | $3.6M | $3.3M | $10.3M | $9.8M | — | — |
| 2022 | $3.2M | $3.2M | $11.4M | $11.2M | — | View 990 |
| 2021 | $3.6M | $2.9M | $11.6M | $11.3M | — | — |
| 2020 | $3.2M | $3.0M | $11.2M | $11.6M | — | View 990 |
| 2019 | $2.8M | $2.8M | $829K | $1.5M | — | View 990 |
| 2018 | $2.7M | $2.6M | $833K | $1.5M | — | View 990 |
| 2017 | $896K | $1.6M | $497K | $612K | — | View 990 |
| 2016 | $2.3M | $2.2M | $1.2M | $581K | — | View 990 |
| 2015 | $1.7M | $1.8M | $928K | $497K | — | View 990 |
| 2014 | $2.0M | $1.8M | $930K | $382K | — | View 990 |
| 2013 | $1.5M | $1.6M | $660K | $348K | — | View 990 |
| 2012 | $1.5M | $1.4M | $523K | $516K | — | View 990 |
| 2011 | $1.2M | $1.2M | $718K | $56 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.9M, expenses of $3.5M, and assets of $11.2M (revenue +9.4% year-over-year).
- 2023: Revenue of $3.6M, expenses of $3.3M, and assets of $10.3M (revenue +13.2% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.2M, and assets of $11.4M (revenue -12.1% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.9M, and assets of $11.6M (revenue +13.7% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.0M, and assets of $11.2M (revenue +14.3% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $829K (revenue +2.3% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.6M, and assets of $833K (revenue +202.5% year-over-year).
- 2017: Revenue of $896K, expenses of $1.6M, and assets of $497K (revenue -61.4% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $1.2M (revenue +37.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $928K (revenue -15.3% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.8M, and assets of $930K (revenue +30.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $660K (revenue +1.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $523K (revenue +29.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $718K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Academy Inc:
Data Sources and Methodology
This transparency report for Gateway Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.