Wave Foundation

Analysis

Wave Foundation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Wave Foundation reported income of $1.4m and spending of $1.4m, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.8m to $1.4m (-20%), an average of -7.2% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Wave Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within OR. Charities of a similar size with the same main cause include Saha Global Inc ($1.4m), Wright Locke Farm Conservancy Inc ($1.4m) and Team River Runner Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $255k against liabilities of $0, net assets of $255k.