New Wave Corporation

Analysis

New Wave Corporation is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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 September 2023, New Wave Corporation reported income of $554k and spending of $461k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $255k to $554k (+117%), an average of +21% a year. The sharpest change came in the year to September 2022, when income rose by 108%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Wave Corporation 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 72nd percentile, and in the 69th percentile within MO. Charities of a similar size with the same main cause include Volunteers of America Inc ($554k), Interfaith Social Action Council of Sun City Center Inc ($554k) and Care and Share Inc ($554k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $79k (17% of expenses). Other salaries and wages came to $85k. At year end it held assets of $856k against liabilities of $141k, net assets of $715k. It reported 6 employees.