Greenwave Organization Corp

Analysis

Greenwave Organization Corp is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 2016, 10 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 June 2023, Greenwave Organization Corp reported income of $7.0m and spending of $5.2m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $7.0m (+300%), an average of +59% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greenwave Organization Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include American Trust 33-11272-66 33-11512-98 Fbo ($7.0m), Maarif Foundation USA ($7.0m) and Charles E Cotting Charitable Corp ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $331k (6.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.7m against liabilities of $641k, net assets of $8.0m. It reported 21 employees.