Tides Network

Analysis

Tides Network is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tides Network reported income of $46.3m and spending of $46.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.5m to $46.3m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tides Network sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Illuminations Foundation Inc ($46.3m), Federation Cja ($46.4m) and Jewish Federation of Palm Beach County Inc ($46.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.9m (6.2% of expenses). Other salaries and wages came to $25.2m. At year end it held assets of $10.5m against liabilities of $6.2m, net assets of $4.3m. It reported 290 employees.