Island Waves Inc

Analysis

Island Waves Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in October 2001, 25 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 April 2024, Island Waves Inc reported income of $184k and spending of $190k, spending 103% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $185k to $184k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to April 2021, when income dropped by 53%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Island Waves Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include F C Pocono Inc ($184k), North City Youth Baseball League ($184k) and Kennett Community Wrestling Club ($184k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,481 against liabilities of $0, net assets of $3,481.