Tides Family Services Inc

Analysis

Tides Family Services Inc is a registered charity in United States, based in West Warwick, RI. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Tides Family Services Inc reported income of $11.4m and spending of $9.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $11.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tides Family Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include Maine Coalition to End Domestic Violence ($11.4m), Family Service Rochester Inc ($11.4m) and District 7 Human Resources Development Council ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $149k (1.5% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $10.8m against liabilities of $664k, net assets of $10.2m. It reported 157 employees.