L-Arche Wavecrest

Analysis

L-Arche Wavecrest is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in September 2000, 26 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, L-Arche Wavecrest reported income of $763k and spending of $832k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $763k (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, L-Arche Wavecrest sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Greater Stark County Urban Leagueinc ($763k), Marion County Juniors Inc ($763k) and Albuquerque Adult Learning Center Alc Inc ($763k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $352k. At year end it held assets of $1.2m against liabilities of $439k, net assets of $765k. It reported 23 employees.