Gate - Gateway to Independence

Analysis

Gate - Gateway to Independence is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in May 2004, 22 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, Gate - Gateway to Independence reported income of $207k and spending of $149k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $207k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gate - Gateway to Independence sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include Little Tikes Daycare Inc ($207k), Abilis Community Foundation Inc ($207k) and Good Samaritan Meals Corp ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $45k (30% of expenses). Other salaries and wages came to $63k. At year end it held assets of $423k against liabilities of $0, net assets of $423k. It reported 13 employees.