Wave Program

Analysis

Wave Program is a registered charity in United States, based in Pacific Grove, CA. It received its IRS tax-exemption ruling in September 2016, 10 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 (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, Wave Program reported income of $73k and spending of $86k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $73k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 122% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Wave Program sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Diamonds of Success Youth Development Center ($73k), Macedonia Family Life Community Complex Inc ($73k) and Team Jam ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.