Tidemark Institute Inc

Analysis

Tidemark Institute Inc is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Tidemark Institute Inc reported income of $246k and spending of $304k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $365k to $246k (-32%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 215%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tidemark Institute Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Stafford Education Foundation Incorporated ($246k), Ontario-Montclair Schools Foundation ($246k) and Rivercity Japanese Supplementary School Inc ($246k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $9,100 (3.0% of expenses). At year end it held assets of $201k against liabilities of $20k, net assets of $181k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.