Tidalhealth Physician Network Inc

Analysis

Tidalhealth Physician Network Inc is a registered charity in United States, based in Seaford, DE. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2021, Tidalhealth Physician Network Inc reported income of $3.6m and spending of $5.3m, spending 147% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $27.4m to $3.6m (-87%), an average of -64% a year. The sharpest change came in the year to June 2021, when income dropped by 88%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tidalhealth Physician Network Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within DE. Charities of a similar size with the same main cause include Adventhealth Kansas City Foundation ($3.6m), Andrews Research & Education Foundation Inc ($3.6m) and Lake Area Recovery Center Inc ($3.6m).

On its Form 990 for the period ending June 2021, revenue came from program service revenue 90% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 330 employees.

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.