Tides Inc

Analysis

Tides Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Tides Inc reported income of $779k and spending of $530k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $328k to $779k (+137%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tides Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Pregnancy Centers of Middle Tennessee Inc ($779k), Kentucky Voices for Health Inc ($779k) and Mechling Sheakley Veterans Center Inc ($778k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $216k. At year end it held assets of $495k against liabilities of $8,397, net assets of $486k. It reported 13 employees.