Rising Tide Ministries

Analysis

Rising Tide Ministries is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in September 2020, 6 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, Rising Tide Ministries reported income of $295k and spending of $220k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $278k to $295k (+6.1%), an average of +6.1% a year. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rising Tide Ministries sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Its About the Warriors Foundation ($295k), Foundation of the Minnesota Medical Association ($295k) and Putnam Recreation Program for the Handicapped Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $751k against liabilities of $378k, net assets of $373k.