San Antonio Wave

Analysis

San Antonio Wave is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, San Antonio Wave reported income of $393k and spending of $404k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $398k to $393k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Antonio Wave sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include KCK 501 Minnesota Inc ($393k), Iranian Cultural Society of North Carolina Inc ($393k) and Shiv Durga Temple of Bay Area ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Other salaries and wages came to $193k. At year end it held assets of $373k against liabilities of $20k, net assets of $353k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.