Big Waves Foundation Inc

Analysis

Big Waves Foundation Inc is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Big Waves Foundation Inc reported income of $86k and spending of $73k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $86k (-62%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 31% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Big Waves Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within CO. Charities of a similar size with the same main cause include Cole Camp Swimming Pool Inc ($86k), Friends Of@martins Park Inc ($86k) and Wilmington Little League Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $489k against liabilities of $637, net assets of $489k.