Harbours Gate
EIN: 455295265 · Louisville, TN · NTEE: F22
Is Harbours Gate Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harbours Gate
Harbours Gate (EIN: 455295265) is a nonprofit organization based in Louisville, TN, classified under NTEE code F22. The organization reported total revenue of $200K and total assets of $189K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbours Gate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harbours Gate is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 35.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $204K |
| Surplus / Deficit | $-32,856 |
| Total Assets | $170K |
| Total Liabilities | $3K |
| Net Assets | $167K |
| Operating Margin | -19.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 10.0 months |
Financial Health Grade: B
In 2023, Harbours Gate reported a deficit of $33K with expenses exceeding revenue, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Harbours Gate's revenue has grown at a compound annual growth rate (CAGR) of 35.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.0% | +8.1% | -16.0% |
| 2022 | -17.5% | -15.0% | +31.7% |
| 2021 | +85.2% | +43.9% | +77.7% |
| 2020 | -20.4% | +15.8% | +0.0% |
| 2019 | +34.2% | -7.6% | +271.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harbours Gate has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harbours Gate with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Frequently Asked Questions about Harbours Gate
Is Harbours Gate a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbours Gate (EIN: 455295265) insufficient data. 0 red flags identified, 0 strengths noted.
How does Harbours Gate spend its money?
Detailed spending breakdown data is not yet available for Harbours Gate. Check back for updated IRS 990 analysis.
Are donations to Harbours Gate tax-deductible?
Harbours Gate is registered as a tax-exempt nonprofit (EIN: 455295265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Harbours Gate showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Harbours Gate's revenue has grown by 2712.9%, moving from $6K to $172K. Total assets increased by 76354.7% over the same period, from $223 to $170K. Total functional expenses rose by 3378.7%, from $6K to $204K. In its most recent filing year (2023), Harbours Gate reported a deficit of $33K, with expenses exceeding revenue. The organization holds $3K in liabilities against $170K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $167K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $204K | $170K | $3K | — | — |
| 2022 | $238K | $189K | $203K | $3K | — | View 990 |
| 2021 | $289K | $222K | $154K | $4K | — | View 990 |
| 2020 | $156K | $155K | $87K | $2K | — | — |
| 2019 | $196K | $134K | $87K | $4K | — | View 990 |
| 2018 | $146K | $144K | $23K | $3K | — | View 990 |
| 2017 | $107K | $100K | $20K | $1K | — | View 990 |
| 2016 | $63K | $53K | $13K | $556 | — | View 990 |
| 2015 | $51K | $49K | $4K | $1K | — | View 990 |
| 2014 | $26K | $26K | $889 | $0 | — | View 990 |
| 2013 | $18K | $17K | $274 | $0 | — | View 990 |
| 2012 | $6K | $6K | $223 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $204K, and assets of $170K (revenue -28.0% year-over-year).
- 2022: Revenue of $238K, expenses of $189K, and assets of $203K (revenue -17.5% year-over-year).
- 2021: Revenue of $289K, expenses of $222K, and assets of $154K (revenue +85.2% year-over-year).
- 2020: Revenue of $156K, expenses of $155K, and assets of $87K (revenue -20.4% year-over-year).
- 2019: Revenue of $196K, expenses of $134K, and assets of $87K (revenue +34.2% year-over-year).
- 2018: Revenue of $146K, expenses of $144K, and assets of $23K (revenue +36.4% year-over-year).
- 2017: Revenue of $107K, expenses of $100K, and assets of $20K (revenue +71.0% year-over-year).
- 2016: Revenue of $63K, expenses of $53K, and assets of $13K (revenue +23.2% year-over-year).
- 2015: Revenue of $51K, expenses of $49K, and assets of $4K (revenue +91.9% year-over-year).
- 2014: Revenue of $26K, expenses of $26K, and assets of $889 (revenue +50.8% year-over-year).
- 2013: Revenue of $18K, expenses of $17K, and assets of $274 (revenue +187.4% year-over-year).
- 2012: Revenue of $6K, expenses of $6K, and assets of $223.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harbours Gate:
Data Sources and Methodology
This transparency report for Harbours Gate 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.