Waves for Water Inc

Analysis

Waves for Water Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Waves for Water Inc reported income of $819k and spending of $793k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $948k to $819k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waves for Water Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Open Arms Foundation ($819k), Jewish Pavilion of Central Florida Inc ($819k) and Feeding Dreams Inc ($819k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $228k (29% of expenses). Other salaries and wages came to $21k. At year end it held assets of $474k against liabilities of $32k, net assets of $441k. It reported 2 employees.