Wholesome Wave Inc

Analysis

Wholesome Wave Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in September 2007, 19 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 December 2023, Wholesome Wave Inc reported income of $2.3m and spending of $2.0m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $2.3m (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Wholesome Wave Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Clinch-Powell Resource Conservation and Development Are ($2.3m), Chesapeake Research Consortium Inc ($2.4m) and Healthy Schools Campaign ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $320k (16% of expenses). Other salaries and wages came to $368k. At year end it held assets of $909k against liabilities of $407k, net assets of $502k. It reported 7 employees.