Streetwaves Inc

Analysis

Streetwaves Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in October 2010, 16 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 December 2023, Streetwaves Inc reported income of $242k and spending of $65k, leaving 73% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $151k to $242k (+60%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 49% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Streetwaves Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Offset Volleyball ($242k), Excellence Thru Athletics Corp ($243k) and Summer Baseball League Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $0 against liabilities of $0, net assets of $0.