One More Wave Surf Corp

Analysis

One More Wave Surf Corp is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 April 2024, One More Wave Surf Corp reported income of $817k and spending of $848k, spending 104% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $234k to $817k (+249%), an average of +28% a year. The sharpest change came in the year to April 2024, when income rose by 141%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, One More Wave Surf Corp sits at the 75th percentile: it is larger than about 75% 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 Hogar Infantil Santa Teresita Del Nino Jesus Inc ($817k), Hidden Falls Ranch ($817k) and Gateway Center for the Performing Arts Association ($817k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (12% of expenses). Other salaries and wages came to $30k. At year end it held assets of $111k against liabilities of $17k, net assets of $94k. It reported 1 employees.