The Wave

Analysis

The Wave is a registered charity in United States, based in Big Lake, MN. It received its IRS tax-exemption ruling in June 2019, 7 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, The Wave reported income of $128k and spending of $162k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $124k to $128k (+2.7%), an average of +2.7% a year. Over the whole period it spent 120% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Wave sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Bagley PTA 6 14 40 Seattle Council ($128k), Fairport Packers Athletic Association Inc ($128k) and The Boys & Girls Clubs of the Emerald Coast Foundation Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $10k against liabilities of $29k, net assets of -$19k.