Waves of Compassion Foundation

Analysis

Waves of Compassion Foundation is a registered charity in United States, based in Bodega Bay, CA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Waves of Compassion Foundation reported income of $131k and spending of $152k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $131k (+11%), an average of +11% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waves of Compassion Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Project 58-10 Inc ($131k), Labyrinth Society Inc ($131k) and California Portsmouth Squareassociation ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.