Tidalhealth Inc

Analysis

Tidalhealth Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in May 1999, 27 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 2023, Tidalhealth Inc reported income of $179.0m and spending of $232.5m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $179.0m (+10078%), an average of +218% a year. The sharpest change came in the year to June 2021, when income rose by 7404%. Over the whole period it spent 145% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tidalhealth Inc sits at the 97th 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 Baptist Outpatient Services Inc ($179.0m), Bozeman Deaconess Health Services ($179.2m) and Community Health Partners ($178.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.0m (1.3% of expenses). Other salaries and wages came to $126.7m. At year end it held assets of $848.6m against liabilities of $162.0m, net assets of $686.6m. It reported 5,741 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.