Wavestarters

Analysis

Wavestarters is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Wavestarters reported income of $300k and spending of $281k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $372k to $300k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wavestarters sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Creation Moments Inc ($300k), Kabbalah Experience ($300k) and Concerts of Prayer International Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $134k (48% of expenses). At year end it held assets of $216k against liabilities of $13k, net assets of $203k. It reported 2 employees.