Tide Swimming

Analysis

Tide Swimming is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Tide Swimming reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $967k to $1.7m (+72%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tide Swimming sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Cc4c North ($1.7m), Happiness Is Camping Inc ($1.7m) and Gfi Academy Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $106k (7.2% of expenses). Other salaries and wages came to $850k. At year end it held assets of $2.0m against liabilities of $204k, net assets of $1.8m. It reported 70 employees.