Thousand Waves Foundation

Analysis

Thousand Waves Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thousand Waves Foundation reported income of $461k and spending of $428k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $559k to $461k (-18%), an average of -4.7% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thousand Waves Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include John B Gorrie Foundation Inc ($461k), San Joaquin County Office of Education Educational Foundation ($461k) and Dudley Panther Athletic Club ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $69k (16% of expenses). Other salaries and wages came to $136k. At year end it held assets of $620k against liabilities of $208k, net assets of $412k. It reported 14 employees.