Gateway Technology Center Inc
Gateway Technology Center Inc maintains stable finances with consistent revenue, asset growth, and no executive compensation.
EIN: 203665064 · Rocky Mount, NC · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $204K |
| Program Spending | 80% |
| Net Assets | $532K |
| Transparency Score | 90/100 |
Is Gateway Technology Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway Technology Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gateway Technology Center Inc
Gateway Technology Center Inc (EIN: 203665064) is a nonprofit organization based in Rocky Mount, NC, classified under NTEE code B112. The organization reported total revenue of $261K and total assets of $610K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Technology Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Technology Center Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $204K |
| Surplus / Deficit | +$28K |
| Total Assets | $532K |
| Net Assets | $532K |
| Operating Margin | 12.0% |
| Months of Reserves | 31.3 months |
Financial Health Grade: A
In 2023, Gateway Technology Center Inc reported a surplus of $28K with revenue exceeding expenses, holds 31.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Gateway Technology Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | -11.5% | +5.5% |
| 2022 | +83.4% | -6.0% | +2.6% |
| 2021 | -50.1% | -0.9% | -17.6% |
| 2020 | +3.6% | +2.9% | +5.8% |
| 2019 | +1.2% | +12.8% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Technology Center Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gateway Technology Center 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Gateway Technology Center Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a significant positive, suggesting that all revenue is directed towards the organization's mission and operational costs, rather than executive salaries, which is highly unusual for an organization of its size and 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.
Strengths
The following positive indicators were identified for Gateway Technology Center Inc:
- Consistent asset growth, from $353,398 in 2015 to $532,426 in 2023, indicating strong financial health.
- Zero reported officer compensation across all filings, suggesting efficient use of funds for mission-related activities.
- No reported liabilities in any filing period, demonstrating excellent financial management and low risk.
- Revenue consistently exceeds expenses in most years, leading to positive net income and sustainability.
- Long history of IRS 990 filings (12 periods), indicating transparency and compliance.
Frequently Asked Questions about Gateway Technology Center Inc
Is Gateway Technology Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gateway Technology Center Inc (EIN: 203665064) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Gateway Technology Center Inc spend its money?
Gateway Technology Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gateway Technology Center Inc tax-deductible?
Gateway Technology Center Inc is registered as a tax-exempt nonprofit (EIN: 203665064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gateway Technology Center Inc's spending goes to programs?
Gateway Technology Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gateway Technology Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Gateway Technology Center Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gateway Technology Center Inc located?
Gateway Technology Center Inc is headquartered in Rocky Mount, North Carolina and files with the IRS under EIN 203665064. It is classified under NTEE code B112.
How many years of IRS 990 filings does Gateway Technology Center Inc have?
Gateway Technology Center Inc has 12 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 $261K in total revenue.
Is Gateway Technology Center Inc a good charity?
Based on the provided financial data, Gateway Technology Center Inc appears to be a financially sound and well-managed organization. It consistently generates revenue, grows its assets, and reports no liabilities or officer compensation, which are strong indicators of responsible financial stewardship.
How does Gateway Technology Center Inc manage its expenses?
The organization consistently manages its expenses below its revenue in most years, as seen in 2023 ($204,110 expenses vs. $231,961 revenue) and 2022 ($230,613 expenses vs. $256,644 revenue). This disciplined approach to spending contributes to its steady asset growth and financial stability.
What is the trend in Gateway Technology Center Inc's assets?
Gateway Technology Center Inc has shown a consistent upward trend in its assets, growing from $353,398 in 2015 to $532,426 in 2023. This indicates that the organization is accumulating reserves and strengthening its financial foundation over time.
Filing History
IRS 990 filing history for Gateway Technology Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Gateway Technology Center Inc's revenue has declined by 20%, moving from $290K to $232K. Total assets increased by 45.7% over the same period, from $365K to $532K. Total functional expenses fell by 25.3%, from $273K to $204K. In its most recent filing year (2023), Gateway Technology Center Inc reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $204K | $532K | $0 | — | View 990 |
| 2022 | $257K | $231K | $505K | $0 | — | View 990 |
| 2021 | $140K | $245K | $492K | $0 | — | View 990 |
| 2020 | $280K | $247K | $597K | $0 | — | View 990 |
| 2019 | $271K | $241K | $564K | $0 | — | View 990 |
| 2018 | $267K | $213K | $534K | $0 | — | View 990 |
| 2017 | $289K | $216K | $480K | $0 | — | View 990 |
| 2016 | $279K | $235K | $407K | $0 | — | View 990 |
| 2015 | $276K | $280K | $353K | $0 | — | View 990 |
| 2014 | $276K | $281K | $357K | $0 | — | View 990 |
| 2013 | $302K | $305K | $363K | $0 | — | View 990 |
| 2012 | $290K | $273K | $365K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $204K, and assets of $532K (revenue -9.6% year-over-year).
- 2022: Revenue of $257K, expenses of $231K, and assets of $505K (revenue +83.4% year-over-year).
- 2021: Revenue of $140K, expenses of $245K, and assets of $492K (revenue -50.1% year-over-year).
- 2020: Revenue of $280K, expenses of $247K, and assets of $597K (revenue +3.6% year-over-year).
- 2019: Revenue of $271K, expenses of $241K, and assets of $564K (revenue +1.2% year-over-year).
- 2018: Revenue of $267K, expenses of $213K, and assets of $534K (revenue -7.5% year-over-year).
- 2017: Revenue of $289K, expenses of $216K, and assets of $480K (revenue +3.8% year-over-year).
- 2016: Revenue of $279K, expenses of $235K, and assets of $407K (revenue +0.9% year-over-year).
- 2015: Revenue of $276K, expenses of $280K, and assets of $353K (revenue +0.0% year-over-year).
- 2014: Revenue of $276K, expenses of $281K, and assets of $357K (revenue -8.5% year-over-year).
- 2013: Revenue of $302K, expenses of $305K, and assets of $363K (revenue +4.0% year-over-year).
- 2012: Revenue of $290K, expenses of $273K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Technology Center Inc:
Data Sources and Methodology
This transparency report for Gateway Technology Center 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.