Gateway School Of New York
Gateway School Of New York shows strong asset growth and no reported officer compensation, with a slight operational deficit in the latest fiscal year.
EIN: 132572597 · New York, NY · NTEE: B28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.6M |
| Total Expenses | $11.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $11.4 |
| Net Assets | $13.4M |
| Transparency Score | 90/100 |
Is Gateway School Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway School Of New York directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateway School Of New York
Gateway School Of New York (EIN: 132572597) is a nonprofit organization based in New York, NY, classified under NTEE code B28Z. The organization reported total revenue of $18.6M and total assets of $28.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway School Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway School Of New York is a large nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.5M |
| Total Expenses | $11.8M |
| Surplus / Deficit | $-337,443 |
| Total Assets | $27.7M |
| Total Liabilities | $14.2M |
| Net Assets | $13.4M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 51.5% |
| Months of Reserves | 28.2 months |
Financial Health Grade: C
In 2023, Gateway School Of New York reported a deficit of $337K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 51.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gateway School Of New York's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.4% | -3.1% | -0.8% |
| 2022 | +6.5% | +16.3% | -0.3% |
| 2021 | +21.5% | +50.6% | +99.8% |
| 2020 | +71.7% | +10.9% | +47.0% |
| 2019 | +1.5% | +16.9% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1965 |
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 School Of New York with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gateway School Of New York allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $337K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.5%.
Executive Compensation Analysis
Gateway School Of New York consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with $11.4 million in revenue and $27.6 million in assets.
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 School Of New York's IRS 990 filings:
- Latest fiscal year (2023) shows expenses ($11,796,893) exceeding revenue ($11,459,450), indicating an operational deficit for that period.
Strengths
The following positive indicators were identified for Gateway School Of New York:
- 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.
Frequently Asked Questions about Gateway School Of New York
Is Gateway School Of New York a legitimate charity?
Gateway School Of New York (EIN: 132572597) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $18.6M. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Gateway School Of New York spend its money?
Gateway School Of New York directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gateway School Of New York tax-deductible?
Gateway School Of New York is registered as a tax-exempt nonprofit (EIN: 132572597). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gateway School Of New York CEO make?
Gateway School Of New York's highest-compensated officer earns $11.4 annually. The organization reported $18.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gateway School Of New York's spending goes to programs?
Gateway School Of New York directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gateway School Of New York compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Gateway School Of New York is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gateway School Of New York located?
Gateway School Of New York is headquartered in New York, New York and files with the IRS under EIN 132572597. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Gateway School Of New York have?
Gateway School Of New York 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 $18.6M in total revenue.
Is Gateway School Of New York financially stable?
Yes, the organization appears financially stable, with assets growing from $6.7 million in 2014 to $27.6 million in 2023. While the 2023 period showed expenses slightly exceeding revenue, the overall trend of asset growth and revenue increase suggests a healthy financial foundation.
How does Gateway School Of New York manage executive compensation?
Gateway School Of New York reports 0% officer compensation in all available IRS 990 filings, meaning no compensation is paid to its officers, directors, trustees, or key employees. This is a significant indicator of resource allocation directly to its mission.
Has the organization's revenue grown over time?
Yes, the organization has experienced substantial revenue growth, increasing from $4.1 million in 2014 to $11.4 million in 2023, demonstrating increasing support and operational capacity.
Filing History
IRS 990 filing history for Gateway School Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gateway School Of New York's revenue has grown by 144%, moving from $4.7M to $11.5M. Total assets increased by 289.6% over the same period, from $7.1M to $27.7M. Total functional expenses rose by 114.9%, from $5.5M to $11.8M. In its most recent filing year (2023), Gateway School Of New York reported a deficit of $337K, with expenses exceeding revenue. The organization holds $14.2M in liabilities against $27.7M in assets (debt-to-asset ratio: 51.5%), resulting in net assets of $13.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.5M | $11.8M | $27.7M | $14.2M | — | View 990 |
| 2022 | $14.4M | $12.2M | $27.9M | $14.1M | — | View 990 |
| 2021 | $13.5M | $10.5M | $28.0M | $16.4M | — | View 990 |
| 2020 | $11.1M | $6.9M | $14.0M | $13.6M | — | View 990 |
| 2019 | $6.5M | $6.3M | $9.5M | $13.3M | — | View 990 |
| 2018 | $6.4M | $5.4M | $9.1M | $13.0M | — | View 990 |
| 2017 | $5.8M | $5.9M | $8.3M | $13.1M | — | View 990 |
| 2016 | $5.0M | $5.7M | $7.1M | $11.9M | — | View 990 |
| 2015 | $4.4M | $5.5M | $6.7M | $10.7M | — | View 990 |
| 2014 | $4.2M | $5.3M | $6.7M | $9.5M | — | View 990 |
| 2013 | $3.6M | $6.6M | $6.7M | $8.2M | — | View 990 |
| 2012 | $4.2M | $5.8M | $6.9M | $5.3M | — | View 990 |
| 2011 | $4.7M | $5.5M | $7.1M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.5M, expenses of $11.8M, and assets of $27.7M (revenue -20.4% year-over-year).
- 2022: Revenue of $14.4M, expenses of $12.2M, and assets of $27.9M (revenue +6.5% year-over-year).
- 2021: Revenue of $13.5M, expenses of $10.5M, and assets of $28.0M (revenue +21.5% year-over-year).
- 2020: Revenue of $11.1M, expenses of $6.9M, and assets of $14.0M (revenue +71.7% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.3M, and assets of $9.5M (revenue +1.5% year-over-year).
- 2018: Revenue of $6.4M, expenses of $5.4M, and assets of $9.1M (revenue +9.2% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.9M, and assets of $8.3M (revenue +16.2% year-over-year).
- 2016: Revenue of $5.0M, expenses of $5.7M, and assets of $7.1M (revenue +14.6% year-over-year).
- 2015: Revenue of $4.4M, expenses of $5.5M, and assets of $6.7M (revenue +4.6% year-over-year).
- 2014: Revenue of $4.2M, expenses of $5.3M, and assets of $6.7M (revenue +17.8% year-over-year).
- 2013: Revenue of $3.6M, expenses of $6.6M, and assets of $6.7M (revenue -15.9% year-over-year).
- 2012: Revenue of $4.2M, expenses of $5.8M, and assets of $6.9M (revenue -9.9% year-over-year).
- 2011: Revenue of $4.7M, expenses of $5.5M, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway School Of New York:
Data Sources and Methodology
This transparency report for Gateway School Of New York 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.