Inwave

Analysis

Inwave is a registered charity in United States, based in Archer Lodge, NC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Inwave reported income of $100k and spending of $102k, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $174k to $100k (-43%), an average of -42% a year. The sharpest change came in the year to June 2024, when income dropped by 43%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inwave sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Polanki Incorporated ($100k), Denmark Arts Center ($100k) and The Cappies Inc ($100k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $3,618 against liabilities of $0, net assets of $3,618.