Tidalwaves Swim Society

Analysis

Tidalwaves Swim Society is a registered charity in United States, based in Larkspur, CA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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, Tidalwaves Swim Society reported income of $364k and spending of $319k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $236k to $364k (+54%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tidalwaves Swim Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Sun Coast Primary School Inc ($364k), Lottie Johnson Memorial Housing Inc ($364k) and Autistic Community Activity Program Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 98% of the total. Other salaries and wages came to $190k. At year end it held assets of $278k against liabilities of $5,101, net assets of $272k. It reported 3 employees.