Tidalhealth Nanticoke Inc

Analysis

Tidalhealth Nanticoke Inc is a registered charity in United States, based in Seaford, DE. It received its IRS tax-exemption ruling in November 1954, 72 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tidalhealth Nanticoke Inc reported income of $153.6m and spending of $164.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $164.2m to $153.6m (-6.4%), an average of -1.7% a year. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tidalhealth Nanticoke Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DE. Charities of a similar size with the same main cause include Lexington Medical Center ($153.3m), Dameron Hospital Association ($153.9m) and Community Care Network Inc ($152.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.5m (1.5% of expenses). Other salaries and wages came to $53.0m. At year end it held assets of $149.5m against liabilities of $7.1m, net assets of $142.4m.

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.