Harbours Gate

Analysis

Harbours Gate is a registered charity in United States, based in Louisville, TN. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Harbours Gate reported income of $172k and spending of $204k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $289k to $172k (-41%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harbours Gate sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Down Syndrome Association of Memphis ($172k), Cure Adssl1 ($172k) and Serbian American Medical Association Sama Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $61k. At year end it held assets of $170k against liabilities of $3,475, net assets of $167k. It reported 3 employees.