Rolling Wave Foundation Inc

Analysis

Rolling Wave Foundation Inc is a registered charity in United States, based in Scituate, MA. It received its IRS tax-exemption ruling in May 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rolling Wave Foundation Inc reported income of $61k and spending of $60k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $61k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rolling Wave Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Once Upon a Time Family Therapy Center ($61k), PTA California Congress of Parents Teachers & Students Inc ($61k) and American Youth Horse Council Inc ($61k).

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 $6,826 against liabilities of $122, net assets of $6,704.