Dancing Tides Foundation Inc
Dancing Tides Foundation maintains substantial assets and reports no officer compensation amidst fluctuating revenues.
EIN: 10553351 · Garden City, NY · NTEE: T22 · Updated: 2026-03-27
Is Dancing Tides Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dancing Tides Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dancing Tides Foundation Inc
Dancing Tides Foundation Inc (EIN: 10553351) is a nonprofit organization based in Garden City, NY, classified under NTEE code T22. The organization reported total revenue of $5.1M and total assets of $20.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dancing Tides Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dancing Tides Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Dancing Tides Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Dancing Tides Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a highly efficient use of funds regarding executive pay, with resources likely directed entirely to programmatic activities or other operational needs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Dancing Tides Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations, making financial planning potentially challenging (e.g., $686,401 in 2019 vs. $5,150,137 in 2022).
- Expenses exceeded revenue in several years (e.g., 2023, 2020, 2019, 2015, 2014, 2012, 2011), indicating reliance on reserves or prior year surpluses.
Strengths
The following positive indicators were identified for Dancing Tides Foundation Inc:
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds to mission.
- Substantial asset base ($20,266,982 in the latest period) provides financial stability and capacity for future operations.
- Positive net income in recent years (e.g., $1,140,286 in 2022) indicates effective financial management in those periods.
Frequently Asked Questions about Dancing Tides Foundation Inc
Is Dancing Tides Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dancing Tides Foundation Inc (EIN: 10553351) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Dancing Tides Foundation Inc spend its money?
Dancing Tides Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dancing Tides Foundation Inc tax-deductible?
Dancing Tides Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10553351). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Dancing Tides Foundation Inc manage its significant asset base?
With assets of $20,266,982, the organization has a substantial endowment or investment portfolio. Further analysis of their 990 would be needed to understand their investment strategy and how these assets contribute to their mission or long-term sustainability.
What is the primary source of Dancing Tides Foundation Inc's revenue given its fluctuations?
The revenue has varied significantly, from a low of $684,351 in 2012 to a high of $5,150,137 in 2022. This volatility suggests reliance on grants, large donations, or investment returns, rather than a consistent stream of smaller contributions. A detailed look at Schedule A of their 990 would clarify their public support test and revenue sources.
What are the specific program areas that Dancing Tides Foundation Inc supports?
The provided NTEE code T22 indicates 'Philanthropy, Voluntarism, and Grantmaking Foundations - Private Grantmaking Foundations'. This suggests the organization primarily makes grants to other nonprofits. The 990's Schedule I would detail the recipients and purposes of these grants.
Filing History
IRS 990 filing history for Dancing Tides Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dancing Tides Foundation Inc's revenue has grown by 322.9%, moving from $1.1M to $4.5M. Total assets decreased by 18.7% over the same period, from $21.6M to $17.6M. Total functional expenses rose by 169.5%, from $1.7M to $4.5M. In its most recent filing year (2023), Dancing Tides Foundation Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $17.6M in assets (debt-to-asset ratio: 9.9%), resulting in net assets of $15.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.5M | $17.6M | $1.8M | — | View 990 |
| 2022 | $5.2M | $4.0M | $17.8M | $1.9M | — | View 990 |
| 2021 | $2.9M | $2.8M | $17.5M | $2.8M | — | View 990 |
| 2020 | $1.8M | $3.4M | $16.9M | $2.3M | — | View 990 |
| 2019 | $686K | $2.6M | $18.7M | $2.5M | — | — |
| 2015 | $1.2M | $2.6M | $20.9M | $1.5M | — | View 990 |
| 2014 | $1.4M | $2.3M | $22.3M | $1.5M | — | View 990 |
| 2013 | $2.5M | $1.6M | $21.7M | $1 | — | View 990 |
| 2012 | $684K | $1.6M | $20.8M | $0 | — | View 990 |
| 2011 | $1.1M | $1.7M | $21.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.5M, and assets of $17.6M (revenue -12.5% year-over-year).
- 2022: Revenue of $5.2M, expenses of $4.0M, and assets of $17.8M (revenue +79.1% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.8M, and assets of $17.5M (revenue +58.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $3.4M, and assets of $16.9M (revenue +163.7% year-over-year).
- 2019: Revenue of $686K, expenses of $2.6M, and assets of $18.7M (revenue -44.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $2.6M, and assets of $20.9M (revenue -12.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $2.3M, and assets of $22.3M (revenue -42.8% year-over-year).
- 2013: Revenue of $2.5M, expenses of $1.6M, and assets of $21.7M (revenue +262.1% year-over-year).
- 2012: Revenue of $684K, expenses of $1.6M, and assets of $20.8M (revenue -35.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.7M, and assets of $21.6M.
Data Sources and Methodology
This transparency report for Dancing Tides Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.