Blue Wave After School Inc

Analysis

Blue Wave After School Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in October 2002, 24 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 June 2024, Blue Wave After School Inc reported income of $694k and spending of $673k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $414k to $694k (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Blue Wave After School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of the Highland ($694k), Montana Outdoor Science School ($694k) and Camp Susquehannock Inc ($693k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $98k (15% of expenses). Other salaries and wages came to $341k. At year end it held assets of $226k against liabilities of $126k, net assets of $100k. It reported 54 employees.