Fourthwave Foundation Inc

Analysis

Fourthwave Foundation Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Fourthwave Foundation Inc reported income of $73k and spending of $60k, spending 81% of its income. Across the 3 years on record, from January 2022 to December 2023, income grew from $69k to $73k (+6.1%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fourthwave Foundation Inc sits at the 28th percentile: it is larger than about 28% 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 Transylvania Club Inc ($73k), Ten8 Project ($73k) and Grand Rapids Youth Baseball Association ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.