Wave Pool Corp

Analysis

Wave Pool Corp is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Wave Pool Corp reported income of $464k and spending of $605k, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $218k to $464k (+113%), an average of +21% a year. The sharpest change came in the year to September 2022, when income dropped by 100%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wave Pool Corp sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Aesthetic Realism Foundation Inc ($464k), General Society of Colonial Wars ($464k) and White Pine Community Choir Association ($464k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 9.0% of the total. Other salaries and wages came to $126k. At year end it held assets of $317k against liabilities of $20k, net assets of $297k. It reported 5 employees.