Wave Academy

Analysis

Wave Academy is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wave Academy reported income of $591k and spending of $575k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $591k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 218%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wave Academy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Conflict Resolution Center of Santa Cruz County ($591k), Sanyu Learning Center ($591k) and Council on Regional Economic Expansion & Educational Dev Founda ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $105k (18% of expenses). Other salaries and wages came to $130k. At year end it held assets of $1.6m against liabilities of $511k, net assets of $1.1m. It reported 3 employees.