Red Tide N Y C Inc

Analysis

Red Tide N Y C Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Tide N Y C Inc reported income of $157k and spending of $136k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $157k (+184%), an average of +184% a year. The sharpest change came in the year to December 2023, when income rose by 184%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Red Tide N Y C Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include North Mecklenburg Athletic Booster Club ($157k), Aikido in Fredericksburg ($157k) and Southwest Idaho Mountain Biking Association Inc ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.5% of the total. At year end it held assets of $36k against liabilities of $2,441, net assets of $33k.