Gateway Preparatory Academy
Gateway Preparatory Academy shows consistent revenue and asset growth with no reported officer compensation.
EIN: 208253001 · Enoch, UT · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.1M |
| Total Expenses | $6.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $5.5M |
| Transparency Score | 92/100 |
Is Gateway Preparatory Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway Preparatory Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateway Preparatory Academy
Gateway Preparatory Academy (EIN: 208253001) is a nonprofit organization based in Enoch, UT, classified under NTEE code B29. The organization reported total revenue of $10.1M and total assets of $16.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Preparatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Preparatory Academy is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $13.2M |
| Total Liabilities | $7.7M |
| Net Assets | $5.5M |
| Operating Margin | 13.8% |
| Debt-to-Asset Ratio | 58.4% |
| Months of Reserves | 23.5 months |
Financial Health Grade: A
In 2023, Gateway Preparatory Academy reported a surplus of $1.1M with revenue exceeding expenses, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 58.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gateway Preparatory Academy's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +7.1% | +7.2% |
| 2022 | +16.0% | +8.6% | +8.4% |
| 2021 | +6.9% | +7.1% | +4.7% |
| 2020 | +8.6% | +4.8% | +4.4% |
| 2019 | +10.3% | +11.5% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Preparatory Academy with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Gateway Preparatory Academy allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.4%.
Executive Compensation Analysis
Gateway Preparatory Academy consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with over $7 million in annual revenue.
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 Preparatory Academy's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Gateway Preparatory Academy:
- Consistent revenue growth, from $3,995,081 in 2014 to $7,838,732 in 2023, demonstrating increasing operational scale.
- Strong asset growth, from $9,239,555 in 2014 to $13,215,728 in 2023, indicating sound financial management and accumulation of resources.
- Positive net assets and consistent surpluses (revenue exceeding expenses) in most years, reflecting financial health.
- No reported officer compensation, suggesting a high dedication of funds directly to programs or volunteer leadership.
Frequently Asked Questions about Gateway Preparatory Academy
Is Gateway Preparatory Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Gateway Preparatory Academy (EIN: 208253001) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Gateway Preparatory Academy spend its money?
Gateway Preparatory Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gateway Preparatory Academy tax-deductible?
Gateway Preparatory Academy is registered as a tax-exempt nonprofit (EIN: 208253001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gateway Preparatory Academy CEO make?
Gateway Preparatory Academy's highest-compensated officer earns $7 annually. The organization reported $10.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gateway Preparatory Academy's spending goes to programs?
Gateway Preparatory Academy directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gateway Preparatory Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Gateway Preparatory Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gateway Preparatory Academy located?
Gateway Preparatory Academy is headquartered in Enoch, Utah and files with the IRS under EIN 208253001. It is classified under NTEE code B29.
How many years of IRS 990 filings does Gateway Preparatory Academy have?
Gateway Preparatory Academy has 13 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 $10.1M in total revenue.
How does Gateway Preparatory Academy manage to operate without officer compensation?
The filings consistently show 0% officer compensation. This could mean that officers are volunteers, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique operational structure. Further investigation into their governance and compensation policies would be needed to fully understand this.
What is the trend in the organization's net assets?
Net assets have shown consistent growth. For example, in 2014, net assets (Assets - Liabilities) were approximately $192,541 ($9,239,555 - $9,047,014), growing to $5,501,894 ($13,215,728 - $7,713,834) in 2023, indicating strong financial health and accumulation of reserves.
Is the organization financially stable given its liabilities?
While liabilities are substantial (e.g., $7,713,834 in 2023), the organization's assets ($13,215,728 in 2023) significantly exceed them, resulting in positive and growing net assets. This indicates a healthy balance sheet and financial stability.
Filing History
IRS 990 filing history for Gateway Preparatory Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gateway Preparatory Academy's revenue has grown by 132.3%, moving from $3.4M to $7.8M. Total assets increased by 48% over the same period, from $8.9M to $13.2M. Total functional expenses rose by 102.6%, from $3.3M to $6.8M. In its most recent filing year (2023), Gateway Preparatory Academy reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $13.2M in assets (debt-to-asset ratio: 58.4%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $6.8M | $13.2M | $7.7M | — | View 990 |
| 2022 | $7.5M | $6.3M | $12.3M | $7.9M | — | View 990 |
| 2021 | $6.5M | $5.8M | $11.4M | $8.1M | — | View 990 |
| 2020 | $6.0M | $5.4M | $10.9M | $8.3M | — | View 990 |
| 2019 | $5.6M | $5.2M | $10.4M | $8.4M | — | View 990 |
| 2018 | $5.0M | $4.6M | $10.2M | $8.6M | — | View 990 |
| 2017 | $4.9M | $4.5M | $9.8M | $8.7M | — | View 990 |
| 2016 | $4.7M | $4.4M | $9.6M | $8.8M | — | View 990 |
| 2015 | $4.3M | $4.0M | $9.5M | $9.0M | — | View 990 |
| 2014 | $4.0M | $3.8M | $9.2M | $9.0M | — | View 990 |
| 2013 | $4.1M | $3.8M | $9.2M | $9.2M | — | View 990 |
| 2012 | $3.9M | $3.6M | $9.1M | $9.5M | — | View 990 |
| 2011 | $3.4M | $3.3M | $8.9M | $9.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $6.8M, and assets of $13.2M (revenue +4.6% year-over-year).
- 2022: Revenue of $7.5M, expenses of $6.3M, and assets of $12.3M (revenue +16.0% year-over-year).
- 2021: Revenue of $6.5M, expenses of $5.8M, and assets of $11.4M (revenue +6.9% year-over-year).
- 2020: Revenue of $6.0M, expenses of $5.4M, and assets of $10.9M (revenue +8.6% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.2M, and assets of $10.4M (revenue +10.3% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.6M, and assets of $10.2M (revenue +3.7% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.5M, and assets of $9.8M (revenue +3.2% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.4M, and assets of $9.6M (revenue +10.0% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.0M, and assets of $9.5M (revenue +7.3% year-over-year).
- 2014: Revenue of $4.0M, expenses of $3.8M, and assets of $9.2M (revenue -3.4% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.8M, and assets of $9.2M (revenue +7.0% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.6M, and assets of $9.1M (revenue +14.5% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.3M, and assets of $8.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Preparatory Academy:
Data Sources and Methodology
This transparency report for Gateway Preparatory Academy 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.