Rising Tide Preschool

Analysis

Rising Tide Preschool is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rising Tide Preschool reported income of $625k and spending of $565k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $160k to $625k (+290%), an average of +58% a year. The sharpest change came in the year to June 2021, when income rose by 204%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rising Tide Preschool sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Mercy-Douglass Sansom House Inc ($625k), Madison County Urban League Inc ($625k) and Southeast Missouri Family Violence Council Inc ($625k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $308k. At year end it held assets of $439k against liabilities of $22k, net assets of $417k. It reported 10 employees.