Radio Waves of Love Inc

Analysis

Radio Waves of Love Inc is a registered charity in United States, based in Hialeah GDNS, FL. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Radio Waves of Love Inc reported income of $767k and spending of $523k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $792k to $767k (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Radio Waves of Love Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include DC Ministries Inc ($766k), Wellspring Adoption Agency Inc ($767k) and Practical Shepherding Inc ($766k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (23% of expenses). At year end it held assets of $308k against liabilities of $934, net assets of $307k. It reported 3 employees.