Narrow Gate Foundation

Analysis

Narrow Gate Foundation is a registered charity in United States, based in Williamsport, TN. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Narrow Gate Foundation reported income of $3.3m and spending of $3.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Narrow Gate Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include 1215 Seneca Avenue Houses Inc ($3.3m), Domestic Violence Crisis Center ($3.3m) and Moms for America ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $301k (8.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.8m against liabilities of $543k, net assets of $1.3m. It reported 57 employees.