Creative Waves Foundation

Analysis

Creative Waves Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2021, 5 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, Creative Waves Foundation reported income of $76k and spending of $109k, spending 144% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $246k to $76k (-69%), an average of -69% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 58% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Creative Waves Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Supporting Theatre Arts for a Greater Education ($76k), Santa Rosa Active 20-30 50 Foundation ($76k) and San Diego Adult Baseball League Charity 4 Kids ($76k).

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 $164k against liabilities of $47, net assets of $164k.