Big Wave Group

Analysis

Big Wave Group is a registered charity in United States, based in El Granada, CA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Big Wave Group reported income of $2.3m and spending of $156k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $139k to $2.3m (+1579%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 712%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Big Wave Group sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Island City Development ($2.3m), TCC Hill Country Development Corporation ($2.3m) and Habitat for Humanity International Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $11.2m against liabilities of $4.6m, net assets of $6.6m.