Quoddy Tides Foundation

Analysis

Quoddy Tides Foundation is a registered charity in United States, based in Eastport, ME. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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, Quoddy Tides Foundation reported income of $475k and spending of $406k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $660k to $475k (-28%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quoddy Tides Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include Bar Harbor Historical Society Inc ($475k), Somos Unidos Foundation ($475k) and International Society for the Study of Vulvovaginal Disease ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $56k (14% of expenses). Other salaries and wages came to $27k. At year end it held assets of $3.4m against liabilities of $139k, net assets of $3.3m. It reported 7 employees.