Wave Hill Incorporated

Analysis

Wave Hill Incorporated is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Wave Hill Incorporated reported income of $7.4m and spending of $8.7m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.1m to $7.4m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Wave Hill Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Central California Environmental Justice Network ($7.4m), Turpentine Creek Foundation Inc ($7.4m) and Voyageur Outward Bound School ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $526k (6.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $73.3m against liabilities of $689k, net assets of $72.6m. It reported 128 employees.