Tidal Wave Swim Foundation Inc

Analysis

Tidal Wave Swim Foundation Inc is a registered charity in United States, based in Acworth, GA. It received its IRS tax-exemption ruling in January 2004, 22 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 December 2023, Tidal Wave Swim Foundation Inc reported income of $461k and spending of $366k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $461k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tidal Wave Swim Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Webfoot Juniors Valleyball Club ($461k), Greater Boston Junior Bruins Youth Hockey ($461k) and Westside Little League ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (16% of expenses). Other salaries and wages came to $140k. At year end it held assets of $281k against liabilities of $90, net assets of $281k. It reported 6 employees.