Tidalhealth Atlantic Inc

Analysis

Tidalhealth Atlantic Inc is a registered charity in United States, based in Berlin, MD. It received its IRS tax-exemption ruling in December 1989, 37 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 Atlantic Inc reported income of $163.8m and spending of $172.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $130.7m to $163.8m (+25%), an average of +5.8% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tidalhealth Atlantic 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 99th percentile within MD. Charities of a similar size with the same main cause include Lancaster General Medical Group ($163.6m), South Shore Health System Inc ($163.8m) and Upper Valley Medical Center ($163.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (0.7% of expenses). Other salaries and wages came to $73.0m. At year end it held assets of $124.8m against liabilities of $67.0m, net assets of $57.8m. It reported 1,192 employees.