Rising Tide Effect

Analysis

Rising Tide Effect is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2021, 5 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, Rising Tide Effect reported income of $321k and spending of $339k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $321k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rising Tide Effect sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Traverse Area Community Sailing ($321k), Dynamo Soccer Club ($321k) and Philadelphia Soccer Club of Northeast Philadelphia ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $34k. At year end it held assets of $135k against liabilities of $204k, net assets of -$68k. It reported 9 employees.