Spark the Wave

Analysis

Spark the Wave is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Spark the Wave reported income of $90k and spending of $94k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $90k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Spark the Wave sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 17th percentile within DC. Charities of a similar size with the same main cause include Gilstad Literacy Foundation Inc ($90k), Prattville Quarterback Club ($91k) and Southington Girls Softball League Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.